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Global crude prices jump after Saudi Arabia's crackdown on corruption

Global crude prices jump after Saudi Arabia's crackdown on corruption The crackdown could be part of a wider plan by Prince Mohammed to tighten his grip on power Oil prices hit their highest mark in two years as investors digested the fallout from the purge of officials and royals The price rise comes amid raised expectations of Saudi support for extending OPEC cuts OPEC and Russia have withheld about 1.8 million barrels per day of production since the start of 2017 Oil prices also found support in a dip in US rig count and renewed threats from militants in Nigeria

Source: TheStreet.com

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