18-04-2016 20:48 via news.yahoo.com

Oil steadies after Kuwait strike; global stocks gain

By Caroline Valetkevitch NEW YORK (Reuters) - Oil prices steadied on Monday as a strike in Kuwait offset concern over producers' failure to agree on a plan to curb global supply at a meeting in Qatar, while world stock markets rose. Walt Disney rose 2.5 percent to $101.09 a share after its "Jungle Book" film dominated the weekend box office. The strike in Kuwait slashed the country's oil output by more than half.
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