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Shell's profit surges as oil sector rebounds

Shell's shares up 2.6% at the market open, outperforming a 0.5% gain in London's FTSE 100 index
Friday, May 5, 2017 - 05:50

London

ROYAL Dutch Shell said that net profit more than doubled in the first quarter, joining its peers in beating analyst forecasts as rebounding oil prices and refining margins lifted revenue after a near three-year downturn.

A 55 per cent rise in oil prices from a year ago and

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