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Biden Whittles Offshore Oil Leasing Plan to Record-Low Level

(Bloomberg) The Biden administration unveiled plans Friday to hold three auctions for offshore drilling rights over the next five years — angering both climate activists pushing to end the practice and oil industry advocates who want more sales.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleUAW Aims For At Least 30% Wage

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Russia's Fuel Export Ban Pushes Oil Prices Higher

Russia s fuel export restrictions have pushed oil prices higher, countering economic concerns triggered by the Fed s recent interest rate comments.

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