It was 2016’s most ambitious economic move.
The Organization of the Petroleum Exporting Countries, the oil-producers’ cartel that last century haunted the industrialized powers, has harnessed Russia to help restore and multiply the organization’s pressure on the energy markets.
One month on, the move seems a success, as crude prices climbed from $46 to $54 per barrel, underscoring a year in which oil’s 60%-plunge since 2014 finally bottomed out at $35.
