Oil prices advance as Saudi to cut output
Tobacco stocks were among those that slumped on reports of a planned US ban on menthol cigarettes, which are seen as posing a greater health risk than traditional ones (AFP Photo/DAVID EBENER)/ Oil prices advanced Monday after crude kingpin Saudi Arabia unveiled plans to cut output in the face of global oversupplies, and pressed other producers to follow suit. Higher crude prices failed to lift the market overall in London however, with the FTSE 100 index lower as trading came to a close amid opening declines on Wall Street. Tobacco stocks ...
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