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DVN - Crude oil rallies as China said to offer plan to eliminate trade imbalance
Devon Energy Corporation
Crude oil surges to six-week highs after China reportedly has offered to ramp up its purchases of U.S. imports over six years to $1T/year, with the goal of eliminating its trade surplus with the U.S.; WTI +3.4% to $53.87/bbl, Brent +2.8% to $62.92/bbl.
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