# Oil, dollar, energy shares and bond yields leap on OPEC deal

> Oil prices and energy shares jumped after OPEC's deal to cut output. US crude gained about 9 percent to $50.00 a barrel, its first time at that level since late October, and Brent touched a six-week high of $52.35.

- Date: 2016-12-01 · published 2016-12-01T12:00:00.000Z
- Category: policy · region Global · magnitude high
- Page: https://feedsoft.ai/events/9702-oil-dollar-energy-shares-and-bond-yields-leap-on-opec-deal
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The output deal drove a sharp crude rally, and the resulting higher energy costs raise input and freight prices for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2016-11-30 | [Oil soars on OPEC hopes, dollar renews its surge](https://feedsoft.ai/events/8566-oil-soars-on-opec-hopes-dollar-renews-its-surge.md) | +12.5% | +19.3% |
| WTI | 2019-02-13 | ['Shock and Awe' OPEC Oil Cuts Boost Prices](https://feedsoft.ai/events/60762-shock-and-awe-opec-oil-cuts-boost-prices.md) | +5.6% | +7.1% |
| WTI | 2016-11-30 | [Oil Surges on OPEC Deal to Cut Production - WSJ](https://feedsoft.ai/events/73786-oil-surges-on-opec-deal-to-cut-production-wsj.md) | +12.5% | +19.3% |
| WTI | 2018-06-22 | [Oil rallies over 3% as dollar dips, OPEC's meeting proceeds](https://feedsoft.ai/events/11574-oil-rallies-over-3-as-dollar-dips-opec-s-meeting-proceeds.md) | +11.9% | +7.2% |
| WTI | 2016-12-05 | [OPEC makes a deal \| Oil & Gas Journal](https://feedsoft.ai/events/73391-opec-makes-a-deal-oil-and-gas-journal.md) | -0.4% | +1.3% |
| BRENT | 2016-11-30 | [Oil soars on OPEC hopes, dollar renews its surge](https://feedsoft.ai/events/8566-oil-soars-on-opec-hopes-dollar-renews-its-surge.md) | +16.7% | +22.1% |
| BRENT | 2019-02-13 | ['Shock and Awe' OPEC Oil Cuts Boost Prices](https://feedsoft.ai/events/60762-shock-and-awe-opec-oil-cuts-boost-prices.md) | +5.8% | +5.6% |
| BRENT | 2016-11-30 | [Oil Surges on OPEC Deal to Cut Production - WSJ](https://feedsoft.ai/events/73786-oil-surges-on-opec-deal-to-cut-production-wsj.md) | +16.7% | +22.1% |

## Sources

- reuters.com: https://www.reuters.com/article/global-markets-idUSL4N1DW00Y/?feedName=usDollarRpt&feedType=RSS

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.