Vladimir Weiss/Bloomberg NewsMembers of OPEC met Tuesday in Vienna to consider how to respond to a 30 percent drop in oil prices since July. Chakib Khelil is president of OPEC and Algeria's oil minister.
VIENNA — "In an unexpected decision made after a six-hour meeting that lasted well into the night, the OPEC oil cartel said it would reduce its oil production by about half a million barrels a day in a bid to stem a rapid decline in oil prices in recent weeks." Jad Mouawad, NY Times
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Here is the jump after the OPEC production cut was announced.
No I was not trading it, I do have a life you know.
5 Tick Crude Oil Renko Bar Chart (click on chart to view)
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