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SAUDI ARABIA/OPEC – Oil climbs five percent on Saudi voluntary oil production cut (Al Jazeera)

Oil prices climbed nearly five percent on Tuesday after news that Saudi Arabia will make voluntary cuts to its oil output, while tension simmered following Iran’s seizure of a South Korean vessel.

https://www.aljazeera.com/economy/2021/1/5/oil-climbs-5-on-saudi-voluntary-oil-production-cut