(Bloomberg) -- Oil advanced to a fresh five-month high, with heightened geopolitical risks in the Middle East and tighter supply from Mexico helping to buoy ...
-- Oil advanced to a fresh five-month high, with heightened geopolitical risks in the Middle East and tighter supply from Mexico helping to buoy prices.Brent futures climbed to near $88 a barrel after rising by 0.5% on Monday, with West Texas Intermediate above $84. An Israeli airstrike on Iran’s embassy in Syria killed a top military commander and others, with Tehran saying it would respond decisively.
“An escalation in tension in the Middle East has coincided with firmer oil fundamentals,” said Warren Patterson, head of commodities strategy for ING Groep NV. “The market is tightening thanks to OPEC+ supply cuts, which is evident with the strength we have seen in timespreads.
-- EQT AB is nearing a deal to acquire Avetta LLC in a transaction that would value the compliance software provider at about $3 billion, including debt, according to people familiar with the matter.
The United States leads the pack in the food color market, boasting a steady CAGR of 5.6%, surpassing growth rates in other countries. This growth can be attributed to the robust infrastructure development, particularly in the distribution network, which has significantly bolstered the supply chain efficiency. As a result, the seamless delivery of food colors to end-user industries has been enhanced, driving further market expansion.
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