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Finance & Markets

Oil Drops Below $100 With Focus on Hormuz Flows, Diplomacy

Rob Barnett, Bloomberg Intelligence Senior Energy and Commodities Analyst, joined Bloomberg's Paul Sweeney and Scarlet Fu to discuss the latest in oil. Oil fell below $100, heading for its longest run of declines since June, as robust flows through the Strait of Hormuz and diplomacy around the US-Iran war tamed a recent rally. Brent, the global benchmark, fell as much as 4.2% while West Texas…

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Oura’s $2.2B IPO is mostly a payday for existing shareholders

Forerunner Ventures plans to sell its entire stake in Oura for as much as $1.26 billion, according to Oura's latest IPO filing.

  • Oura plans $2.2B IPO, with most gains for existing shareholders
  • Forerunner Ventures, largest shareholder, could profit $1.2B from 9.3% stake
  • Company uses IPO proceeds to settle tax obligations, keep $6.2M for general use

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