Oil is the big story as we head into a new week. Crude prices are up more than 2% as the Canadian wildfires raged on over the weekend. At least 10 oil sand operators have cut production due to evacuations and other emergency measures. China also had unexpectedly strong crude imports last month. Saudi Arabia unexpectedly replaced Ali Al-Naimi, one of the longest serving figures in the oil industry with the Chairman of the State-owned oil company Saudi Aramco. The presumptive Republican presidential nominee Donald Trump says taxes under his administration would likely go up for rich Americans. He also told the ABC-TV show ‘This Week’ that he would support raising the minimum wage. Drake’s new album “Views’ debuts at number one and broke streaming records. The hip hop star sold more than 1 million copies in less than 5 days when it was available exclusively on Apple’s iTunes.
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