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NEW YORK (AP) — Banks and other financial companies are leading stocks higher in morning trading on Wall Street Monday as investors hope for higher interest rates. The market is coming off three days of losses. Herbalife rose after activist investor Carl Icahn, the company's largest shareholder, said he has increased his stake.
By Barani Krishnan NEW YORK (Reuters) - Oil prices fell nearly 2 percent on Monday, snapping two consecutive days of gains, on caution over galloping Middle East crude output and a stronger dollar boosted by speculation of a U.S. rate hike by the year-end. Iraq, which has exported more crude from its southern ports in August, will continue ramping up output, its oil minister said on Saturday. Top exporter Saudi Arabia has kept output at around record levels this month.