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Illustration of Aramco logo
Saudi Aramco profits soared to $39.5 billion in the first quarter.
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An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018.  REUTERS/Stringer
Oil tanker unloads crude oil at a crude oil terminal in Zhoushan
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Oil exports
Russia has rerouted its oil exports away from Europe towards Asia.
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Oil tanker
Russia's oil exports to India are running into paperwork holdups.
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Oil storage facility in Texas
An oil storage facility in Houston, Texas.
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Putin
Russian President Vladimir Putin speaks on the phone in his office in Saint Petersburg, Russia, on December 15, 2018.
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Happy hump day, readers. I'm senior reporter Phil Rosen, writing to you from Manhattan. 

Today we're going over why some of the most astute voices on Wall Street are advising a shift from stocks to bonds — and what we learned yesterday helps explain why.