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Saudi Arabia suggested a cut in oil production, which led to a 4% increase in the price per barrel. The Saudi energy minister said OPEC+ had the means to deal with challenges including cutting production.

Oil jumps nearly 4% on possible OPEC+ supply tightening

Saudi Arabia suggested a cut in oil production, which led to a 4% increase in the price per barrel. The Saudi energy minister said OPEC+ had the means to deal with challenges including cutting production.

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