West Texas Intermediate fell for a third day, the longest losing streak in two months, after an industry report showed crude inventories rose in the U.S., the world’s biggest oil consumer. Brent slid in London.
Emerging-market stocks fell to a one-month low and currencies weakened as Chinese shares in Hong Kong approached a bear market before data tomorrow that may add to signs the world’s second-biggest economy is faltering.
Canadian Prime Minister Stephen Harper has stressed the need to diversify his country’s exports away from the U.S. since taking power in 2006. One deal at a time, he’s piecing together access to markets for Canadian exports equal to more than half the world economy.
Canada and South Korea concluded negotiations on a free-trade deal that will give more market access for Canadian beef producers and phase out tariffs on cars made by Korean companies such as Hyundai Motor Co.