Oil rises near $76 as global stocks jump as investors ponder virus impact

November 29, 2021

Asian stocks fell but the moves were smaller than during Friday’s global equity selloff, which wiped out more than $2 trillion in market value.

Oil climbed while U.S. and European equity futures gained Monday along with Treasury yields as investors tried to calibrate economic risks from the omicron coronavirus strain, bringing some calm back to markets. S&P 500, Nasdaq 100 and European contracts jumped, Brent is near $76 a barrel as

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