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October 7, 2015

A rally in energy stocks

NEW YORK (AP) — U.S. stocks paused Tuesday, closing moderately lower after five straight days of gains. DuPont and energy companies rose sharply, but the overall market was weighed down by health-care stocks, especially biotechnology companies.

In energy markets, oil rose after the Energy Department said U.S. crude oil production declined by 120,000 barrels per day in September compared with August. The agency also expects oil production to decline from an average of 9.2 million barrels per day this year to 8.9 million barrels per day in 2016.


 
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