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![Pumpjacks pump crude oil near Halkirk, Alta., June 20, 2007. A pair of Calgary oil companies are cutting their dividends and reducing production because of current steep discounts on western Canadian oil prices. Oil Dividends 20181207](https://i.cbc.ca/1.4936719.1544200093!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/oil-dividends-20181207.jpg)
Oil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day.
via CBC | Top Stories NewsOil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day.
via CBC | Top Stories News
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