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VCSC Daily - Energy stocks surge on oil price gains, banks weigh on VN-Index

Market Commentary

07 Mar 2016

Energy stocks surge on oil price gains, banks weigh on VN-Index. WTI and Brent Crude both jumped 2% today as US drillers cut their total rig count to the lowest level since 2009 and reduced US crude production to the lowest level since November 2014. Outside of the US oil market, fears of a global glut were also kept in check as traders expected positive results from a meeting among major producers to discuss freezing output.

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