Oil falls on failed output freeze; Dow above 18,000

April 18, 2016 7:48 PM

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NEW YORK Oil prices edged lower on Monday after producers failed to agree on a plan to curb global supply at a meeting in Qatar, while world stock markets rose and the Dow Jones industrial average closed above 18,000 for the first time since July.

Shares of consumer companies including Hasbro (HAS.O) and Walt Disney (DIS.N) helped buoy U.S. stocks, while investors braced for a flurry of quarterly earnings reports through the week.

Also read: US stocks hold higher after release of Fed's Beige Book; energy rises 2%

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