- OPEC produces have come to the agreement of 1.2 mln barrel per day to be the agreed amount of oil production among the partnered countries.
- Russia who is not officially part of OPEC has also agreed to coordinated oil production.
- As a way of getting the oil price to stabilize it was preliminarily agreed to limit the production of oil to no more than 1.3 million barrels per day from October onwards.
- Commodities are reading higher today with 2.2% additions in the commodity market.
In Stock News: Latest in OIL