OPEC Starts Brainstorming Exit Strategy – 21 December, 2017

OPEC and non OPEC oil producing countries including Russia have entered a deal set to last until March 2018 to cut global oil supplies to level out the global market. Sources of OPEC have stated that the organization has already begun to plan out an exit strategy once the deal comes to an end. Oil prices have been trading at almost $64 per barrel, close to its highest since 2015, due to the deal.