Is this a new beginning for oil price?


Onset of a massive snowstorm on the U.S. East Coast sent U.S. heating oil up more than 10 percent

OPEC members on Nov 30th pledged to reduce 1.2 million barrels per day (bpd) from global oil production. The reduction will take effect from Jan 1st and will last for six months.

The move by Opec implies that they are still active.

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Business , Anthony DassAmBank , oil , price , stocks , shares , economy , rigs ,

   

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