Crude Vaults to Yearly High as Saudi Shipments to U.S. Dwindle
Oil floats in the Gulf of Mexico near Orange Beach, Alabama, U.S. (Photographer: Kari Goodnough/Bloomberg)

Crude Vaults to Yearly High as Saudi Shipments to U.S. Dwindle

(Bloomberg) -- Oil prices vaulted above $54 a barrel, the highest since November, as a steep drop in U.S. imports from Saudi Arabia showed OPEC putting its supply cut plans into action.
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