Commodity update

U.K. Finance Industry to Cut 43,000 Jobs, CBI Survey Says The U.K.’s financial industry will lose 43,000 jobs in six months, according to a forecast from the Confederation of British Industry, as companies shrink and reduce costs.

Oil Heads for Fifth Weekly Gain on Saudi Production Cut, Economy Oil traded near the highest level in almost four months, extending the longest weekly winning streak since August, as Saudi Arabia cut its oil output and investors speculated an economic recovery will boost fuel demand.