IBT Staff Reporter

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European Stocks Mark Cautious Gains On Commodities Boost

European stocks reversed earlier falls to close higher on Wednesday as surging commodity prices lifted energy and mining shares on fear of supply constraints due to crippling sanctions against Russia over its invasion of Ukraine.

OPEC+ Seen Sticking To Modest Output Rises Despite Oil Rally

OPEC+ oil producers meeting on Wednesday will likely stick to modest output rises, officials said, as OPEC heavyweights Saudi Arabia and the United Arab Emirates (UAE) recommit to their deal with Russia despite widening sanctions on Moscow and oil prices at eight-year highs.

Oil Markets Hit Multiple Milestones After Russia Sanctions

Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers.

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