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Traders work in front of the German share price index

Pawel Kopczynski LONDON A raft of well-received updates and a recovery in resources stocks helped European shares rebound early on Tuesday from the previous session’s slight losses, although shares in Micro Focus dropped. Traders work in front of the German share price index, DAX board, at the stock exchange in …

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Brent crude oil futures plunged 2.41 dollar or 4.75 percent

Brent crude oil futures plunged 2.41 dollar or 4.75 percent to close at USD 48.38 a barrel at NYMEX. June WTI crude rose 70 cents, or 1.5%, to settle $46.22 a barrel on the New York Mercantile Exchange. Rosneft PJSC, Russia’s largest oil producer, said first-quarter profit climbed 8.3 percent …

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Oil prices rebounded from five-month lows on Friday

oil price

Oil futures slumped to a five-month low overnight before mounting a recovery on Friday (5 May), after Saudi Arabia’s Opec governor claimed major oil producers were converging on the need to extend production cuts beyond June. “So, beyond a short-term movement it is difficult to predict the likely direction of …

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