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Wall Street climbs 1 percent on trade optimism

U.S. stocks rose 1 percent on Wednesday, boosted by technology stocks, as a report about China planning to increase access for foreign firms added to optimism fuelled by President Donald Trump's upbeat comments on trade.

OPEC offsets Iran oil loss, sees lower 2019 demand

OPEC said on Wednesday it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of demand for its crude, underlining the challenge the producer group faces to prevent a glut even after last week's decision to trim output.

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