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Oil’s Strength Continues to Boost Global Stocks

Global stocks extended gains Tuesday as crude oil prices remained near their highs for the year.

The Stoxx Europe 600 was up 1.1% in morning trade, led by banks and mining companies, following upbeat sessions in Asia and on Wall Street.

Futures pointed to a small opening gain for the S&P 500. Changes in futures don't necessarily reflect market moves after the opening bell.

Rising oil prices helped the S&P 500 snap a three-day losing streak on Monday, and later lifted shares of energy and mining companies in Asia and Europe.

Analysts have said, however, that the end of some of the production...