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On Monday, oil prices dropped as rising U.S. drilling activity showed an increase in American production, offsetting OPEC-led output cuts.
Brent crude futures, the international benchmark for oil prices, dropped 10 cents to $63.30 a barrel by 1115 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 26 cents to $57.10 a barrel. Brent and WTI closed at over 1 percent higher on Friday, and oil prices have gained well over a third from lows from earlier this year…Read More Now
THE HERALD FINANCE REPORT
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World stocks rose, while equity volatility approached a record low on Monday as investors concentrated on solid economic growth prior to the interest rate decisions. The launch of bitcoin futures supported the market’s cryptocurrency mania.
European stocks pulled force from a positive Asian session during premarket trading. After the open, the rally ended but Germany’s DAX held onto gains.
Strong banks and mining stocks supported benchmarks, and Britain’s FTSE rose by 0.7 percent…Read More Now