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Oil prices jumped roughly $5.00 following initial reports of the agreement and have spent the past few weeks consolidating in a relatively tight range from roughly...
December 13th, 2017 marks a confirmed close in the February 2017 oil contract of 53.94, $0.12 higher than the June 9th high from last year.
There must be an OPEC agreement soon on the reduction of production output if members and industry players hope to stabilize oil prices.