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Shares reach record high, oil tops US$60 a barrel

LONDON/SYDNEY (Feb 8): World shares hit a record high on Monday and oil surpassed $60 a barrel for the first time in a year, on hopes that a US$1.9 trillion Covid-19 aid package will be passed by US lawmakers as soon as this month. Even news that South Africa had halted the rollout of AstraZeneca's vaccine, after a study showed it gave only limited protection against the country's more contagious variant of the virus wasn't going to put equity markets off.

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Shares reach record high, oil tops $60 a barrel - Netscape Money & Business

Shares reach record high, oil tops $60 a barrel - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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World Shares Reach Record High Oil Tops 60 A Barrel

Europe then made a strong start as higher oil prices and inflation expectations lifted basic resource and banking shares, and France s Veolia launched a hostile 11.3 billion-euro takeover bid for waste and water rival Suez., , world shares, msci index, global markets, global share market, global investors

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Global shares reach record high as oil tops $60 a barrel

Global shares reach record high as oil tops $60 a barrel
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

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04Feb2021 Pre-Market Commentary: DOW, SP 500 Set For Slight Gains In The Busiest Day Of Earnings Season, DOW At +31, Nasdaq At +0 5%, WTI Crude At 56 01, US Dollar Higher At 91 33

U.S. weekly jobless claims total 779,000 vs. 830,000 estimate (SPY +0.3%). Biggest premarket movers: Canada Goose, eBay, PayPal, Qualcomm. Here is the current market situation from CNN Money European markets are mixed. The DAX is higher by 0.26%, while London s FTSE 100 is off 0.42%. Shares in France are unchanged with the CAC 40 at 5,563.05. What Is Moving the Markets Here are the headlines moving the markets. How High Will Oil Prices Go This Year? Introduction This week we hit some milestones in the year-long recovery from the oil demand crash of 2020. West Texas Intermediate, (WTI) hit and moved past the $55.00 level, and Brent moved closer to $60. These are some important psychological barriers for the market, and if sustained, as we expect they will be, will push prices higher. What happened? The API announced a significant draw of ~4.3 mm barrels in crude stocks yesterday when a modest build was expected. Moves lower in gasoline and distillate stocks bolstered this p

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