Tuesday, December 13, 2016

Oil Prices Soar on OPEC Deal

13 December 2016

Oil prices shot to their highest levels since mid-2015 yesterday after the Organization of Petroleum Exporting Countries (OPEC). OPEC plans to slash output by 1.2 million bpd from January 1, with top exporter Saudi Arabia cutting around 486,000 bpd in a bid to end overproduction that has dogged markets for two years.

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