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Oil drop lifts Wall Street, eases Europe debt
Oil prices have recently collapsed, with U.S. West Texas Intermediate falling below $90 per barrel, which helped ease financial concerns in Europe and led the S&P 500 index to rebound for the third consecutive day. Despite this year's increase in oil prices due to tensions between the United States and Iran, oil flows have begun to gradually recover, while investors continue to watch political risks and European sovereign debt, with yields on 10-year U.S. Treasury bonds rising to levels near the highest since 2002.
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