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Oil prices rise 3% as Saudis cut supplies, shrug off bearish US stockpile report - CNBC
CNBC | Oil prices rise 3% as Saudis cut supplies, shrug off bearish US stockpile report CNBC Oil prices rose on Wednesday, shrugging off a bearish report on U.S. stockpiles and lifted by news of Saudi supply cuts to Asia. Oil's gains came despite government data showing a bigger-than-expected weekly build in U.S. crude and fuel inventories. Oil rises with Wall Street, and as Saudi trims exports to Asia Saudis Curb Oil to China, Southern Asia as Others Spared Oil futures rebound after two-session decline |
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