(Bloomberg) -- Oil flipped from gains to losses as a lull in hostilities in the Middle East countered positive indications in wider markets. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Brent traded lower near $86 after earlier adding as much as
(Bloomberg) -- Carlyle Group Inc.-backed oil pipeline company Crescent Midstream is exploring a potential sale after receiving takeover interest, people with knowledge of the matter said.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering, Investors BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billionaire’s Wife to Buy Singapore Mansion
Carlyle (CG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.