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Oil Rises to 11-month High, Logs Weekly Gain on Saudi Output Cut

Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas, on Feb. 5, 2015. (Spencer Platt/Getty Images)


For the Epoch Times

NEW YORK—Oil prices hit their highest level in nearly a year on Friday, gaining 8 percent on the week, supported by Saudi Arabia’s pledge to cut output and strong gains in major equity markets.

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