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Saudi Arabia announces it is planning to cut....>

OIL
OIL: Saudi Arabia announces it is planning to cut output unilaterally by an
extra 1mln barrels per day in June, on top of the reduction already committed
under the OPEC+ deal. WTI turns positive, rising by as much as 5.8% from the
time of those headlines 25 minutes ago (0800ET/1300BST)), touches $26.45 -
resistance comes in at $27.98, the May 6 high.

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