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Commodity Markets

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Stocks are wavering between small gains and losses in the early going on Wall Street as weakness in technology companies is offset by strength in banks and other sectors. The S&P 500 was off 0.1% in the first few minutes of trading Monday. Other indexes were mixed. Trading has been choppy in recent weeks as investors fret over a sudden spike in long-term interest rates in the bond market. The S&P 500 is coming off its first weekly gain in three weeks. Bond yields were moving higher again, and the yield on the 10-year Treasury note rose to 1.59%.

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BANGKOK (AP) — Oil prices rose Monday as Saudi Arabian oil facilities were targeted by drone strikes just days after the largest crude exporting nations in the world said they would not increase output.

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FRANKFURT, Germany (AP) — Caution about the pandemic took the upper hand Thursday at a meeting of the OPEC oil cartel and allied countries, as they left most of their production cuts in place amid worry that coronavirus restrictions could still undermine recovering demand for crude.

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FLAGSTAFF, Ariz. (AP) — The Biden administration is pulling back an environmental review that had cleared the way for a parcel of federal land held sacred by Apaches to be turned over for a massive copper mine in eastern Arizona.

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