Oil prices up as OPEC reaches cut deal

   Organization of petroleum exporting countries OPEC have reached a deal with its members to cut crude energy supply by 1.2 million barrels per day from the 33.64 million barrels per day . As a result of the supply cut by opec oil price have surged above $52 barrels per day .
   Other non opec members like Russia and the United States are expected to cut supply by 600,000 barrels per day . According to a report from the meeting held today , this will help stabilize oil dependant economies and enhance global trade flow .