Oil prices surge after OPEC deal

Posted online December 5, 2016 | 12:21 pm

Following the Organization of the Petroleum Exporting Countries' decision last week to cut production, oil prices have surged.

Brent crude oil prices on Monday rose above $55 a barrel, a 16-month high.

Brent crude oil futures, the global benchmark used to trade oil, soared to its highest since July 6, 2015, to $55.20 a barrel.

Read more from Reuters.

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