BLOOMBERG.COM
Crude rallied on the prospect a deal to cut global supply will be extended, leading a broader advance across commodities and spurring the currencies of major exporters. Miners and energy shares gained in Europe as most other stocks fell. West Texas Intermediate jumped to the highest level in more than two weeks after the Saudi Arabian and Russian energy ministers said they are in favor of extending a production-cut deal for another nine months -- longer than expected. The Australian and Canadian dollars, South African rand and Mexican peso were among the best performing major currencies. European stocks edged lower after three weeks of advances, though energy and basic resources companies increased.
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Crude rallied on the prospect a deal to cut global supply will be extended, leading a broader advance across commodities and spurring the currencies of major exporters. Miners and energy shares gained in Europe as most other stocks fell. West Texas Intermediate jumped to the highest level in more than two weeks after the Saudi Arabian and Russian energy ministers said they are in favor of extending a production-cut deal for another nine months -- longer than expected. The Australian and Canadian dollars, South African rand and Mexican peso were among the best performing major currencies. European stocks edged lower after three weeks of advances, though energy and basic resources companies increased.
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