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Oil rises on US spending, Greek bank mergerBrent crude rose for a sixth straight session on Tuesday, buoyed by a landmark bank merger deal in Greece and strong data from the US that allayed fears the world's top oil consumer was sliding back into recession. Oil prices were als More… |
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US consumers slash spending, world markets stabilizeAmericans slashed spending and the country's business outlook weakened but there were signs of stabilisation in global markets on Friday, with interbank rates falling and US stocks posting their best week in 34 years. But in a sign of the More… |
