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Energy Markets

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NEW YORK (AP) — OPEC and allied oil-producing countries decided Thursday to stick to their plans to boost oil production even as the new omicron variant cast a shadow of uncertainty over the global economic recovery from the coronavirus pandemic.

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NEW YORK (AP) — Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. Investors were uncertain whether the variant could potentially reverse months of progress at getting the COVID-19 pandemic under control.

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