Support local news and get a FREE mug!

FORT ST. JOHN, B.C. – According to an article from the CBC, oil went up 6% today after OPEC sources have said that the group has come to a deal to limit crude oil output.

Brent crude went up up $2.76 (6%), at $48.73 a barrel today.

The Organization of the Petroleum Exporting Countries (OPEC) will limit production to 32.5 million barrels per day, which is apparently 750,000 barrels lower than what it produced in August.

The article also said, according to two OPEC sources, the agreement is the first deal since 2008 where the agreement to cut oil has been struck.



Report an error

Read our guiding principles

Thanks for reading!

Our goal is to cover all the local news and events happening in Northeast B.C. If you believe in this coverage, becoming a Supporter is a great way to help!

As a Supporter, you also get our investigative stories early and a FREE mug!

More stories you might like