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Oil Falls Most in Three Weeks as OPEC Crude Production Climbs

The Organization of Petroleum Exporting Countries produced 31.57 million barrels a day last month, the most since 2012, according to its monthly market report. The market may be “balanced” in 2016 as demand grows and non-OPEC supply contracts, OPEC Secretary General Abdalla Salem El-Badri, said at a conference in Kuwait City on Monday.

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The U.S. economy is causing ulcers again

Strange. By many measures the U.S. is in the best shape since the end of the Great Recession. Unemployment is at a seven-year low. Inflation-adjusted incomes are up. Consumers are spending more. Car sales are at a 10-year high. Gasoline is pretty cheap. And the housing market has perked up after years of malaise.

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Dow jumps 100 in open; oil gains eyed

U.S. stocks opened higher Wednesday as continued recovery in oil prices helped boost sentiment ahead of earnings season. The Dow Jones industrial average gained more than 100 points in the open, with Goldman Sachs (GS) and Chevron (CVX) contributing the most to gains.

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