An oil pumping unit, also known as a “nodding donkey” or pumping jack, operates at sunset at a drilling site operated by Tatneft OAO near Almetyevsk, Russia,(Photographer: Andrey Rudakov/Bloomberg)

Crude Treads Water as Saudi Sanctions Counter Stockpile Gains

(Bloomberg) -- Oil prices rose slightly as tension over U.S. sanctions against Saudi Arabia countered a jump in American crude stockpiles.

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