OPEC will keep cuts for nine more months
The Organization of Petroleum Exporting Countries announced Thursday that it will extend production cuts for nine more months, through the end of Q1, 2018.

Oil prices dropped more than 5% on Thursday following the prior few days' news that the deal would continue. That bit of positive news in the past couple of days succeeded in lifting WTI and Brent crude above $50 per barrel, an important psychological benchmark for shale drillers.

Source: Nasdaq

"It is a disappointment that OPEC hasn't done ...

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