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Oil up nearly 3 percent on Saudi and OPEC cuts

  • Thread starter Reuters: Business News
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Reuters: Business News

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Oil up nearly 3 percent on Saudi and OPEC cuts, by

Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela.



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