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Saudi Arabia changes things up

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The Saudis and other major oil producing countries agreed to lift crude output this weekend, which might help slow down surging prices. 

The backdrop:

  • This chart was freaking out many world leaders, including President Trump, India Prime Minister Narendra Modi, and officials in other countries who are big crude customers.

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Elsewhere in Saudi Arabia: As of Sunday, women are now allowed to drive a car. According to Bloomberg, the move could add $90 billion to economic output by 2030 (by encouraging more women to enter the labor force).

 

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