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Global markets: US productivity holds steady

By Commodity News Service Canada

WINNIPEG, MB, June 5, 2017 (CNS Canada) – The following is a glance at the news moving markets globally.

– US productivity was steady in the first quarter, according to reports on Monday.

Hourly output per hour was pegged at a 0.6 per cent annualized rate, reports say.

– Crude oil futures declined in early activity, pressured by reports that the United Arab Emirates, Egypt and Bahrain have cut ties with Qatar.

Qatar is one of the world’s biggest supplier of liquefied natural gas, analysts say.

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