Oil Surge Fuels Stocks to Metals as Demand for Haven Assets Ebbs

  • Crude tops $42 with Russia, Saudis said to agree on cap
  • Yen snaps seven-day advance as government bonds decline

U.S. Stock Rally Stalls as Earnings Season Kicks Off

Oil rallied above $42 a barrel, buoying stocks and commodity prices worldwide amid a revival in optimism over the global economy.

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