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Oil traded near $71 a barrel as the roll-out of coronavirus vaccines underpins an improved demand outlook in the U.S. and Europe.
West Texas Intermediate was little changed in early Asian trading after adding 1.9% last week to hit the highest level since October 2018.
DUBAI: Kuwait's gross domestic product contracted 9.9% in 2020, compared with growth of 0.4% in 2019, mainly because of last year's sharp drop in oil prices, state news agency KUNA reported on Sunday.
(Bloomberg) Abu Dhabi sovereign fund ADQ is in talks to invest about $500 million in India’s Flipkart, according to people familiar with the matter, as the Walmart Inc.-backed e-commerce firm raises funds ahead of a potential initial public offering next year.