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U.S. housing, consumer confidence data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump's plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though

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U.S. housing, consumer confidence data bolster economic outlook

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Oil falls as dark clouds appear ahead of producer meeting

By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Thursday as OPEC warned of slowing demand and Russia hinted that there might only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply. Meanwhile, Goldman Sachs said that productivity gains by U.S. shale producers were keeping alive its “deflationary outlook” for oil prices as drillers manage to adjust to lower prices, and with confidence in the recent price rally fading, traders have positioned themselves for further price…

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Oil falls as dark clouds appear ahead of producer meeting