Sweden will raise the minimum age at which workers can take their state pension over the coming years, a move designed to match an increase in average life spans, the major political parties said on Thursday. Workers can currently choose to take their state pension from the age of 61. The current pension system was designed around 20 years ago and Swedes now live around 2.5 years longer on average.
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Oil prices slipped for a second straight day on Wednesday, as a slump in U.S. crude stockpiles was offset by a larger-than-forecast rise in gasoline inventories and as U.S. crude output continued to grow to record highs. U.S. crude inventories last week dropped 5.1 million barrels, more than anticipated, and production hit another record high at 9.78 million barrels per day (bpd), government data showed. The U.S. peak, when records were only kept on a monthly basis, is 10.04 million bpd, set in November 1970.