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Pump jacks operate at sunset in an oil field in Midland

Oil rises on supply concerns, China demand outlook brightens

Oil prices rose for a second day on Tuesday on supply concerns after an earthquake shuttered a major export terminal in Turkey and a field in the North Sea shut unexpectedly, while demand in China, the world's biggest importer, looks set to increase.
The dollar surged against its major peers after the strong US jobs data fanned bets on more Federal Reserve interest rate hikes

Stock markets fall on US rate-hike fears

Stock markets slid and the dollar firmed Monday after a forecast-busting US jobs report fanned expectations of more Federal Reserve interest rate hikes to cool sky-high inflation.