Stocks: 6 things to know before US open

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1. Oil prices surge to 2016 record: Oil has soared above $ 54 a barrel to its highest level in over a year.

U.S. crude futures jumped more than 5% on Monday after Russia and other big oil producers agreed over the weekend to join OPEC members in cutting their output next month.

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World business news – CNNMoney.com

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