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Oil Prices Rally 5% On Trump; Two Oil Plays Makes Bullish Earnings Moves

Investor's Business Daily · last updated

U.S. oil prices soared more than 5%, hitting two-week highs early Thursday on Trump administration moves. Meanwhile, two leading oil-related companies reported better-than-expected third-quarter earnings. West Texas Intermediate crude oil futures jumped Thursday after the U.S. announced sanctions on key Russian oil companies. President Donald Trump also said he would put pressure on major buyers and plans to discuss Russian…

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