The first co-ordinated agreement to cut oil production for eight years has already sent the oil price higher, which amply demonstrates that it won’t just be OPEC who will benefit from the reduction, opening the gate for BP (LSE: BP) and Shell (LSE: RDSB).
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BP & Shell should be big winners from the big OPEC deal
VIDEO: One Fool looks at the beneficiaries from OPEC’s decision to cut oil production.
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