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NDP - Crude oil rally intensifies; WTI surges 5% to top $50/bbl
Tortoise Energy Independence Fund Inc.
Crude oil prices roar back after earlier paring gains as government data showed U.S. crude stocks fell less than expected last week, with the WTI benchmark topping $50/bbl for the first time since mid-December on continued optimism over U.S.-China trade talks and Saudi production cuts; WTI +4.9% to $52.23/bbl, Brent +4.3% to $61.26/bbl.
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