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IN BRIEF

WASHINGTON General Motors is recalling 1.5 million vehicles because of potential engine fires.

GM said there have been no reports of any fires or injuries.

Some of the recalled vehicles are no longer in production. The recall includes the 1998-1999 Oldsmobile Intrigue, the 1997-2003 Pontiac Grand Prix, 1997-2003 Buick Regal, and the 1998-2003 Chevrolet Lumina, Monte Carlo and Impala.

It involves vehicles with a 3.8-liter V6 engine. The government said drops of oil could fall into the exhaust system and cause a fire in the engine.

GM spokesman Kerry Christopher said it was a precautionary measure for consumers.

VIENNA Oil prices gained today as traders looked to U.S. bank results this week for signs a severe recession might have bottomed out.Oil prices have traded near $50 a barrel for the last two weeks after jumping from below $35 in February as investors struggle to gauge the health of a global economy reeling from its worst slowdown in decades.Traders have been cheered by early signs U.S. banks might be stabilizing. Goldman Sachs reported Monday a profit of $1.66 billion for the first quarter, beating Wall Street's earnings expectations, and a huge improvement over the $2.29 billion loss Goldman reported for the fourth quarter.Benchmark crude for May delivery rose 86 cents to $50.91 a barrel by noon in European trading on the New York Mercantile Exchange. The contract on Monday dropped $2.19 to settle at $50.05.Goldman's news, released a day earlier than anticipated, came days after Wells Fargo & Co. said it expected to report record first-quarter earnings of $3 billion, well above Wall Street's estimates. Banking giants Citigroup and Bank of America will report earnings later this week."We don't have the feeling of being in a free fall anymore," Christoffer Moltke-Leth, head of sales trading at Saxo Capital Markets in Singapore. "But we've seen quite a big rally, so I wouldn't be surprised if stock markets and oil come down a little."The market was still mulling a forecast cut by the Paris-based International Energy Agency, which said Friday it now expects global demand this year will likely fall by 2.4 million barrels a day to 83.4 million barrels, or 2.8 percent lower than last year.

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