OPEC

At the OPEC meeting in Vienna on Tuesday, the general assembly agreed to additional output cuts. Cuts total 2.1 million barrels per day and include cuts from Non-OPEC countries Norway and Mexico. The effect has been immediate on the price of gasoline and other refined products, but improvements in offshore rig dayrates will not likely be noticeable until later this year.
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Brent Crude Oil : $54.15/BBL 0.51%
Light Crude Oil : $51.47/BBL 1.45%
Natural Gas : $3.22/MMBtu 3.30%
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