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European stock markets rose Tuesday, with London hitting yet another record high on the weak pound, while oil prices recovered slightly after sharp falls the previous session.London's benchmark FTSE 100 index reached a new intra-day high of 7,275.35 points Tuesday as the pound struggled further on Brexit unease. The pound's weakness is boosting share prices of multinationals listed on the benchmark index as they profit from favorable exchange rates.Miners pushed the index higher, with Anglo American up 7.9 percent and Rio Tinto winning 6.0 percent. Elsewhere Tuesday, oil prices recovered slightly after sinking by almost 4 percent Monday with traders fretting over Iraq's commitment to stick to output cuts agreed by OPEC and other key producers in November.The deal sent the cost of a barrel surging last month toward $60 on hopes the cuts could reduce a global glut that had sent prices to near 13-year lows last February.
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