Sunday, December 11, 2016

Oil prices soar to 2015 highs on global production cut deal

SINGAPORE, Dec 12 (Reuters) - Oil prices shot up over 4

percent to their highest level since 2015 early on Monday after

OPEC and other producers over the weekend reached their first

deal since 2001 to jointly reduce output in order to rein in

oversupply and prop up the market.

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