How the opec meeting on production influences oil and gas stocks.

The Organization of the Petroleum Exporting Countries (OPEC) announced last week that it would cut production of oil by approximately 2 million barrels of oil per day. That's a reduction in the global supply of about 2 percent. This announcement had an immediate effect on the oil and gas markets, driving prices higher. The price for a barrel of crude oil rose from $76.71 to $92.64...