Opec is back and oil prices are rising – but for how long?
The oil producers' cartel has agreed to the first production cuts in a decade.
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Oil prices have surged in New York as Opec representatives meeting in Vienna reached a deal to cut oil production.
But the return to the bad old days of the oil producers’ cartel cutting production to boost prices may be short-lived.
In New York, crude futures rocketed 8.8% to just under
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Nevil Gibson
Thu, 01 Dec 2016
Thu, 01 Dec 2016
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Opec is back and oil prices are rising – but for how long?
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