Oil
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Stocks Climb as Fed Bets Rekindle Broadening Trade: Markets Wrap
The stock market got a boost at the end of a wild week after key economic data bolstered speculation the Federal Reserve will set up the stage for an interest-rate cut in September.
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Pemex Posts Steepest Loss in Four Years Ahead of CEO Pick
Petroleos Mexicanos’ posted its worst loss since the global pandemic emerged more than four years ago, a negative signal for whoever President-elect Claudia Sheinbaum chooses to revive oil production and slash the company’s almost-$100 billion debt burden.
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Sinochem in Talks to Sell Stake in Brazil Oil Field, Sources Say
Sinochem Group Co. is in talks to sell a minority stake in the Peregrino oil and gas field off the coast of Brazil to independent producer Prio SA, according to people familiar to the matter.