Crude Oil Prices Rally on OPEC/Non-OPEC coordination. US Oil Rigs Jumped Most in More than a Year

Crude oil prices rallied as non-OPEC producers announced over the weekend that they would coordinate with OPEC member in production cut. The front-month WTI contract has gained +2.44% while the Brent contract has been up +2.31% at the time of writing this note, after a modest pullback last week.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-oil-prices-rally-on-opecnon-opec-coordination-us-oil-rigs-jumped-most-in-more-than-a-year-2016121233962/