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Oil surges 2.5 percent, soothes cyber nerves

Reuters  |  LONDON 

By Patrick GrahamLONDON (Reuters) - A bounce in oil and other commodities prodded stock markets higher on Monday, cushioning the hit to sentiment from a successful missile test by North Korea and a cyber attack that locked 200,000 computers in more than 150 countries.In Europe, another victory for Angela Merkel's conservatives in a regional election in Germany also helped share indices in London, Frankfurt and Madrid inch higher in early trade. Saudi Arabia and Russia, the world's two top oil producers, said an output cut needed to be extended for a further nine months until March 2018 to ...

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First Published: Mon, May 15 2017. 15:01 IST