18.12.2008 - Opec agrees deep cut in oil production
From Guardian: Opec ministers surprised the oil markets yesterday by agreeing to cut production more deeply than expected in a desperate bid to halt a free-falling oil price. The petroleum exporting cartel, led by Saudi Arabia, promised to take 2.2m barrels a day out of the market in a move heralded by one analyst as "the end of the bear market"..... Full Article: Source