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Crude soars in Sunday action; president authorizes SPR release

|About: The United States Oil ET... (USO)|By:, SA News Editor

Following this weekend's attack on Saudi oil production, WTI crude (NYSEARCA:USO) is ahead 14.5% to $63 per barrel in early Sunday trades.

S&P 500 (NYSEARCA:SPY) futures are down 0.5%, and Nasdaq 100 (NASDAQ:QQQ) futures are off 0.7%.

Updated: The president tweets that he's authorized a release of crude from the Strategic Petroleum Reserve, as necessary. Black gold is off the highs, but still ahead 11.5%.

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