


| Oil Rebounds as Deeper Output Cuts Seen Easing Storage Pressure |
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(Bloomberg) -- Oil firmed in Asia as additional output cuts announced by Saudi Arabia and others were seen easing some of the pressure on storage sites that are nearing capacity. Futures in New York rose 2.1%, erasing most of Monday’s drop. Saudi Arabia announced a surprise move to slash its output....
Posted: 2020-05-12 01:03:00
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