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Stocks Up as Oil, US Dollar Recover

Stocks opened higher on Friday. Oil and the U.S. dollar were in recovery mode, following losses on Thursday that sent the S&P 500 back into the red for the year. The surge, the latest in a week of very volatile market moves, occurred despite any major news to justify it. Oil was up more than 6 percent, boosted by expectations U.S. production will continue to decline and optimism about the U.S. economy. Data earlier this week showed an unexpected drop in crude inventories and a strong...

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