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European stocks face worst week in 9 months on U.S.-North Korea tensions

“European stocks were shoved lower Friday, heading for their worst weekly loss in nine months, as the war of words between the U.S. and North Korea prompted investors to back away from assets perceived as risky” writes Markets Reporter for The International Energy Agency said in its monthly report that global oil production rose in July, but it also upwardly revised its 2017 forecast for demand growth.Read: Opinion: What to do with stocks if the U.S. and North Korea go to war Oil stocks were feeling the additional weight of lower oil prices CLU7, -0.76% LCOV7, -0.69%  , which were down about 1%.

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