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Reports of production cut from Saudi Arabia to combat crude oversupply, today, pushed oil prices up. Brent crude oil futures LCOc1 traded 0.4% higher, at $72.87 per barrel. WTI crude futures CLc1 were up or 0.5%, at $67.52 per barrel. OPEC released its monthly report yesterday confirming the Saudi cut in production by 200, 000 barrels per day (bpd).
