OPEC Confounds Skeptics, Agrees to First Oil Cuts in 8 Years

By
Nayla Razzouk
,
Angelina Rascouet
, and
Golnar Motevalli
Updated on
  • Broader than expected agreement to include non-OPEC countries
  • Benchmark Brent crude prices climb in London to top $50

Is OPEC Back After Oil Production Cut Deal?

OPEC confounded its doubters and sent crude oil prices soaring by agreeing to its first production cuts in eight years.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Read this article on the Terminal Request a demo to learn more

You might like:
  1. Apple Says All Macs, iPhones and iPads Exposed to Chip Security Flaws
  2. Saudi Arabia Arrests 11 Princes Protesting Over Bills, Okaz Says
  3. Uber Co-Founder Travis Kalanick Plans to Sell 29% of Stake
  4. Ripple Slides After Coinbase Says Not Adding New Crypto Coins
  5. It Was the Best Week for Stocks in a Year