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Oil holds gains after topping US$50 on Saudi pledge to cut output

Straits Times 06 Jan 2021
Futures in New York edged lower after jumping 4.9 per cent on Tuesday and briefly topping US$50 a barrel for the first time since February ... It's an especially sweet gift for US shale drillers, said Helima Croft, chief commodities strategist at RBC Capital Markets analyst. Shale stocks subsequently surged. More on this topic. � ....
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Oil holds gains after topping $50 on Saudi pledge to cut output

Live Mint 06 Jan 2021
Oil held gains in early Asian trading after surging to a 10-month high on a surprise Saudi Arabian pledge to cut an extra 1 million barrels a day of crude output in February ... Other producers will hold supply steady or make small increases, delegates said ... shale drillers, said Helima Croft, chief commodities strategist at RBC Capital Markets analyst ... .
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