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NDP - Crude oil climbs as Saudis said to plan to cut exports by 800K bbl/day
Tortoise Energy Independence Fund Inc.
Crude oil extends its recent rally from 18-month lows, bumping to highs of the day after OPEC officials say Saudi Arabia plans to cut crude exports to 7.1M bbl/day by the end of January, as it seeks a return to $80/bbl oil to cover a massive government spending boost: WTI +3.4% to $49.61/bbl, Brent +2.8% to $58.66/bbl.
More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P Crude Oil Total Return Index ETN, Energy stocks news, Commodities news, News on ETFs,