⚠️BREAKING: *OIL PRICES RISE MORE THAN 1% FOR SIXTH WEEKLY GAIN IN A ROW ON EXTENDED GLOBAL SUPPLY CUTS $CL_F OOTT
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Oil up 1% on supply cuts; set for 6th straight weekly gainOil prices rose about 1% on Friday and were on track for a sixth consecutive week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to extend supply cuts through September.
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Saudi Arabia, Kuwait reaffirm rights to natural resources in Durra gas field -Saudi ministrySaudi Arabia and Kuwait reaffirmed that they jointly own rights to natural resources in the Gulf's Durra gas field, Saudi state news agency SPA reported early on Thursday, citing a statement from the Saudi foreign ministry.
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Saudi Arabia extends 1 million bpd oil cut, may deepen it in futureSaudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to include September, it said on Thursday, adding it could be extended beyond that or deepened.
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Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials – Economics Bitcoin NewsSaudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota for another month. Economics
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Saudi Arabia’s oil decision could keep pushing up North Texas prices at the pumpTexas’ current per-gallon rate has risen 10 cents this week as the kingdom extends its cut of 1 million barrels of oil a day in a bid to boost sagging energy...
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