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US crude settles at $53.76, up 50 cents, as Saudi output cuts offset US products stockpile build - CNBC
CNBC | US crude settles at $53.76, up 50 cents, as Saudi output cuts offset US products stockpile build CNBC Oil prices rose on Thursday in an up-and-down session, lifted by news that Saudi Arabia had cut production to meet OPEC's agreement to cut output after falling on data showing a surprisingly large increase in U.S. gasoline and distillate inventories. The Oil Trade Showing Where OPEC's Cuts Are Starting to Bite Saudi Arabia Cuts Output in Accordance With OPEC Deal Oil Prices 2017: Saudi Arabia Cuts Crude Sales, US Inventories Fall |
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