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Wednesday, January 15, 2025

Saudi Arabia is cutting oil production in move that could push U.S. gas prices higher

FRANKFURT, Germany (AP) — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher. The Saudi cut of 1 million …

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