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Asian Stocks To Rise, Oil Higher

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Asian stocks are set to rise in opening trade on Tuesday, following overnight gains on Wall Street. Oil is also set to extend a week-long rally after major producers Saudi Arabia and Russia said supply cuts needed to continue into 2018. The fossil fuel jumped two percent to its highest in more than three weeks on Monday, briefly topping 52 dollars a barrel. Chinese growth actually cooled in April, according to a variety of economic indicators ranging from factory output to retail sales.

Added on the 15/05/2017 21:58:33 - Copyright : Wochit

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