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NDP - Crude closes higher as Saudi Arabia said to plan U.S. oil export cut
Tortoise Energy Independence Fund Inc.
Crude oil futures settle sharply higher after a late run-up, with WTI ending +2.8% to $52.58/bbl, after a news report said Saudi Arabia plans to cut shipments to U.S. refiners to avoid an expansion of U.S. stockpiles; also, Brent +2.2% to $61.45/bbl.
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