Monday, December 12, 2016

Oil price surges as non-OPEC producers agree to cut

7:41 AM

Oil and gas pump jack

The price of oil surged more by 6.5 per cent on Monday after non-OPEC producers agreed to cut production. Saudi Arabia, the world's largest producer, also said it is considering a bigger cap on its output, a move that would signal significant coordination in the oil producing market.



from CBC | Express Feed News http://ift.tt/2gvQ02D

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