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Oil market surges on shock output cuts
Oil market surges on shock output cuts
by  AFP

World oil prices soared Monday while equity markets mostly won modest increases after several top producers led by Saudi Arabia sprang surprise output cuts. The Kremlin also defended the decision, saying it was "in the interests of global energy markets for world oil prices to remain at a good level."

Mixed auto sales in US paint murky picture of car consumers
Mixed auto sales in US paint murky picture of car consumers
by  AFP

Automakers reported mixed first-quarter US car sales Monday as some sedan models saw gains in a sign that vehicle affordability may be shifting consumer behavior. "We gained significant market share in the first quarter, pricing was strong, inventories are in very good shape and we sold more than 20,000 EVs in a quarter for the first time," Carlisle said, referring to electric vehicles.

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