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Saudi Arabia, Russia reach deal on deep oil output cuts - Reuters

$United States Oil Fund LP (USO.US)$
$IPATH GS CRUDE OIL TOTAL RET INDEX (OIL.US)$
$ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$
$ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$
$United Sts 12 Month Oil Fd Lp Unit Ben Int (USL.US)$
Oil prices ramp up following reports that Saudi Arabia and Russia have reached a deal on deep production cuts.
Cuts could be as large as 20M bbl/day, Reuters reports, citing an unidentified Russian source and an OPEC source.
May WTI +12% to $28.36/bbl; June Brent +8.5% to $35.79/bbl.
The reported deal comes as a virtual meeting between OPEC and its allies kicked off.
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