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MARKETS: Retail data spooks crude from highs

Brent crude oil rallied to a near-four-month high after reports that Russia would accelerate its OPEC+ production cuts, but oil dropped after the U.S. posted disappointing Retail Sales data for December, along with elevated Jobless Claims. Separately, Saudi Aramco is reportedly seeking to raise $10 to $15 billion in the international debt markets with the help of a consortium of banks, including JP Morgan, Morgan Stanley, Citigroup and HSBC. Yahoo Finance's Alexis Christoforous and Jared Blikre break it down.