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US stocks head for lower open; oil flat after OPEC deal

Stocks open lower after best week since 1974
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Posted at 7:28 AM, Apr 13, 2020
and last updated 2020-04-13 09:28:45-04

NEW YORK (AP) — U.S. stock futures were pointing toward a slightly lower open Monday, coming off their best week since 1974.

Shares were mostly lower in Asia while markets in Europe were closed for a holiday.

Crude prices lost earlier gains following an agreement by OPEC and other oil producing nations to cut output to reflect the collapse of demand due to the pandemic.

Trading was muted with European markets closed the day after Easter Sunday.

U.S. shares were set to drift lower with futures for the Dow industrials and S&P 50 each slipping 0.4%.