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Facebook earns 51% of ad revenue overseas

Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company executives told Reuters. While Facebook has reported regional growth in percentage terms, this is the first time it has detailed ad sales outside the United States and Canada as a percent

Oil prices jump on U.S. stock draw, easing production

Oil prices rose on Wednesday after U.S. government data confirmed a big weekly drawdown in crude inventories and on signs that U.S. oil production growth was leveling off after several years of sharp increases. The U.S. government’s Energy Information Administration (EIA) said on Wednesday that U.S. crude oil stocks fell 6.81 million barrels to 470.6 million last week, much more than a forecast drawdown of 1.72 million barrels. The data