Oil approaches one-year high as speculators buy into output cut deal

Oil approaches one-year high as speculators buy into output cut deal

LONDON (Reuters) – Oil prices rose around one percent on Monday, approaching one-year highs, as speculators raised bets that oil prices would gain on the back of a landmark agreement among OPEC producers to rein in record output levels.

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Deutsche Bank fails to score Justice Dept. deal, shares fall

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FRANKFURT/LONDON (Reuters) – Deutsche Bank shares fell more than 3 percent on Monday after Chief Executive John Cryan failed to secure a speedy deal with the U.S. Department of Justice (DoJ) over the weekend over the misselling of mortgage-backed securities.

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