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Stocks Slip Ahead of Busy Earnings Week—Update
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Saudi Arabia meets May crude supply for most Asian buyers -sources
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Saudi Arabia meets May crude supply for most Asian buyers - sources
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IMF: Vaccine inequity threatens Mideast s economic recovery
ISABEL DEBRE, Associated Press
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FILE - In this April 15, 2020 file photo, a billboard urges people to stay home during the coronavirus pandemic in Dubai, United Arab Emirates. Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday, April 11, 2021, that an uneven vaccine distribution would derail the region s rebound, as the prospects of rich and poor countries diverge.Jon Gambrell/AP
DUBAI, United Arab Emirates (AP) Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday that an uneven vaccine distribution would derail the region s rebound, as th
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NEW YORK (Reuters) - Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May.
FILE PHOTO: A diesel fuel nozzle with new European labels to standardise gasoline pumps in the EU zone is seen at a petrol station in Nice, France, October 12, 2018. REUTERS/Eric Gaillard
Brent crude rose $1.94, or 3.1%, to $64.68 a barrel by 1:25 p.m. EST (1825 GMT). U.S. oil was up $2.10, or 3.6%, at $61.26 a barrel.
OPEC+, which comprises the Organization of the Petroleum Exporting Countries, Russia and other allied producers, agreed to ease production curbs by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and further 400,000 bpd or so in July.