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Oil near multi-year highs as Iran sanctions tighten supply outlook

Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand. The United States plans to reintroduce sanctions against Iran, which pumps about 4 percent of the world’s oil, after abandoning a deal reached in late 2015 that limited Tehran’s nuclear ambitions in exchange for the removal of U.S. and European sanctions. The global oil market is finely balanced, with top exporter Saudi Arabia and No.1 producer Russia having …read more […]

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Business News

Futures higher; healthcare, tech stocks in focus

(Reuters) – U.S. stock index futures edged higher on Friday, setting up Wall Street to build on a week-long rally, but focus will be on technology and healthcare stocks after tepid results from Nvidia and President Donald Trump’s renewed focus on drug pricing.

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Business News

Exclusive: Banks to seek special exemptions for foreign staff post Brexit – sources

LONDON (Reuters) – Global banks in Britain are calling for a special work visa waiver after Brexit to preserve the City of London’s standing as a top global financial center, two industry sources said, a move that would be more generous than the current arrangements.

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Trading Ideas

5 Top Stock Trades for Friday Morning

The stock market continues to churn higher, with the S&P 500 and Nasdaq finally giving bulls a rally they can savor for more than one or two trading sessions. With that in mind, traders who caught some of that upside may want to think about reducing their risk. Here are the top stock trades we’re watching for Friday.Top Stock Trades for Tomorrow #1: Bank of America (BAC) …read more […]