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AP; Oil Prices Drop
 
Stocks trade at or near session highs. Buying interest is broad based with all ten sectors posting a gain, although defensive oriented stocks are underperforming on a relative basis.

Oil prices come under selling pressure, now down 3.0% to $47.75 per barrel, reversing an earlier gain of 2.0%. In early-morning electronic trade, crude prices fell to $47.36 per barrel, marking a fresh multi-year low.

Source