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Litasco CEO sees oil range-bound in 2017, looks to expand

LONDON Oil prices are likely to stay in a tight range between $50 and $60 a barrel this year as a recovery in U.S. shale output counterbalances the OPEC supply cut deal to reduce the global glut, Litasco Chief Executive Tim Bullock said in an interview.

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Trump's trade czar Ross easily wins Senate confirmation

WASHINGTON Billionaire investor Wilbur Ross easily won confirmation as U.S. commerce secretary on Monday, clearing President Donald Trump's top trade official to start work on renegotiating trade relationships with China and Mexico.