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Quick dips, 1% days new normal in 2018 stocks

Bloomberg If you don’t like the weather, wait a few minutes. That’s how it’s been in the 2018 stock market, where the S&P 500 just rebounded from a 1 percent intraday loss for a third time this year. The turnaround followed three consecutive days of 1 percent declines, a stretch not seen since the start of 2016. It’s not just ...

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Gulf stock markets mixed

Reuters Gulf stock markets were mixed at Sunday’s close, with Abu Dhabi and Dubai ending the day in a narrow range, while the Saudi stock market dropped 0.57 percent, amid weakness in energy and financial stocks. The Gulf market took little respite from a rise in oil prices and a rebound for Wall Street stocks on March 2 and following ...

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American shale surge remains an intractable problem for OPEC

Bloomberg In front of the Petroleum Club of Midland, Texas — capital of the booming Permian shale region — an electronic display flashes two crucial pieces of information: the oil price and the number of drilling rigs. For the past year, both figures have been climbing as OPEC oil production cuts led to higher prices, spurring added drilling activity in ...

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