Oil prices buoyed by optimism around banks

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Oil prices buoyed by optimism around banks
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Oil futures move higher early Monday, attempting to build on last week's bounce.

Oil futures rose early Monday, attempting to build on last week’s bounce, as worries around the U.S. banking sector eased.

First Citizens BancShares Inc. FCNCA entered... Oil futures rose early Monday, attempting to build on last week’s bounce, as worries around the U.S. banking sector eased. First Citizens BancShares Inc. FCNCA entered a deal to assume all the deposits and loans of the failed Silicon Valley Bridge Bank from the Federal Deposit Insurance Corp., the regulator announced on Monday. Bloomberg reported that U.S. authorities were considering an expansion of an emergency lending facility that would allow more time for troubled First Republic Bank FRC to shore up its balance sheet. Share of U.S. banks rose in premarket trade.

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