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MIAMI (AP) — Despite being a relative pageant newcomer, Miss Colombia Paulina Vega has been crowned Miss Universe, beating out first runner-up Miss USA Nia Sanchez and contestants from more than 80 other countries.
Oil prices declined on Monday, with U.S. crude falling close to a nearly six-year low, as Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter. Salman was quick to retain veteran Saudi oil minister Ali al-Naimi on Friday, in a message aimed at calming a jittery energy market following the death of King Abdullah last week. "Oil markets will take comfort from the speed and stability of the succession process, and the announced pledge for continuity of policy," said Majid Jafar, chief executive of Crescent Petroleum, a UAE-headquartered oil and gas producer focussed on the Middle East. West Texas Intermediate (WTI) crude for March delivery was at $44.97 a barrel, down 62 cents.