Global oil pact sends prices soaring

ReutersNewsPublished: December 12, 20162 views
Published: December 12, 2016

Oil prices have shot up by 4 percent to their highest level since 2015 early 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. Hayley Platt reports.

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