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Saudi Aramco profits rise as oil price surge and pipeline offset Iran war hit Financial TimesSaudi Aramco Q1 profit jumps 26% as key pipeline reaches capacity amid Iran war CNBCAramco CEO warns 1 billion barrels lost will slow oil market recovery ReutersWorld deprived of 1 billion barrels of oil over past 2 months, Saudi Aramco CEO says The Times of Israel
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Investors weighed data on the American jobs market and conflicting signals about status of the conflict in the Persian Gulf.
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A 35 percent rise in gas prices didn't dampen demand at restaurants like McDonald's, Burger King and Taco Bell, which reported increased sales.
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U.S. sanctions on Iran, the rift between the U.S. and Saudi Arabia, and possibly higher ethanol content will unsettle gas prices for a while.
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Stock and bond prices moved lower after the Bureau of Labor Statistics issued a strong-than-expected employment report for October, which bolsters the case for the Federal Reserve to push ahead with interest-rate increases this year and next.
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