US stocks trade mixed as oil surges on unexpected production cut by OPEC+

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Financial
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US stocks were mixed Monday, with oil prices in focus. Yields rose with oil prices surging after OPEC+ announced production cuts of 1.6 million barrels of oil a day starting in May. Tech stocks were lower as yields rose. Stocks were mixed Monday as trading in the second quarter of 2023 began with oil prices…

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This article was originally published by Businessinsider.com. Read the original article here.
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