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Oil prices fell on Tuesday on expectations of another rise in U.S. stockpiles and as Saudi Arabia keeps output near record highs, but prices remained near a 2015 peak reached last week. Crude prices have climbed around 16 percent since the start of April due to mounting concern over conflict in Yemen, with the U.S. navy saying on Monday it had sent an aircraft carrier and a guided-missile cruiser into waters near the country. U.S. Senator Lisa Murkowski said on Monday she would introduce legislation this year to allow U.S. crude exports, saying the Obama administration should not dare lift sanctions on Iran before scrapping the U.S. crude export ban. Saudi Oil Minister Ali al-Naimi told Reuters in Seoul that the No. 1 crude exporter expected to produce at near record highs of around 10 million bpd in April.
DES MOINES, Iowa (AP) — Jeb Bush is preparing to embark on an experiment in presidential politics: delegating many of the nuts-and-bolts tasks of seeking the White House to a separate political organization that can raise unlimited amounts of campaign cash.