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Rigzone Industry News

1. Light Crude Ends Week Above $41

   Saudi Arabia's warning to OPEC+ cheaters and short-sellers alike helped oil prices stage their biggest weekly rally since June.

2. Hedge Fund That Profited from Oil Crash Eyes Biden Win

   A hedge fund betting on the decline of fossil fuels has made a 25% gain this year after oil's historic crash sent energy stocks plummeting.

3. Arctic Energy Office Reestablished

   The U.S. Department of Energy has announced the reestablishment of its Arctic Energy Office.

4. Oil Set for Best Week Since June

   Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members to adhere to the group's production cuts amid signs demand is faltering.

5. Oil Prices Get Boost from Saudi Call for Compliance

   Oil posted its largest three-day advance since May.