400kbpd from Russia. Bloomberg report on the deal
Iran was exempted from the cuts
Russia agrees to OPEC proposals
OPEC will bear 2/3 of cut, OPEC+ 1/3
Oil higher on the headlines. WTI is up $2.34 to $53.95. There was fear the deal could fall apart.
USD/CAD is down 86 pips to 1.3296 on a pair of dream headlines (including the blockbuster Canadian jobs report).