More OPEC: OPEC deal said to be effective in January

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    As per LiveSquawk (@Amena-Bakr)

    • OPEC said to be effective in January for six months. That can be extended
    • OPEC won't wait for non-OPEC to cut output
    • Iran to freeze production at 3.975 Mbpd

    The OPEC production cuts has crude oil futures up $3.70 or 8.2%  to near $49. The llight today extended to $49.12.  The low came in at $45.22

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

    This article appears in: Investing , Forex

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