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Oil Drop Still Supports Stocks
Global stocks recorded mixed performance, as a decline in oil prices offset concerns about energy supply disruptions, leading to gains in U.S. stock indices, particularly in the tech sector, with reduced inflation worries related to energy. Meanwhile, European stocks ended a session with minor losses, and energy company shares were pressured by falling oil prices. Conversely, Asian markets benefited from the decrease in energy prices and improved investor appetite for high-risk assets.
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