{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Oil prices rise after OPEC announces first output cut since 2008' data-url='/boclips/videos/6878f3c068f2517d67876adc' data-video-url='/boclips/videos/6878f3c068f2517d67876adc' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nOil prices rise after OPEC announces first output cut since 2008\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eOPEC has agreed to cut its oil output for the first time since 2008.  The major oil producing nations struck a preliminary deal at talks in Algeria to address the vastly oversupplied market and prop up prices.  Brent crude, the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eOPEC has agreed to cut its oil output for the first time since 2008. \u003cbr/\u003e\u003cbr/\u003e The major oil producing nations struck a preliminary deal at talks in Algeria to address the vastly oversupplied market and prop up prices. \u003cbr/\u003e\u003cbr/\u003e Brent crude, the international benchmark for oil, rose almost six percent to nearly $49 a barrel on the news.\u003cbr/\u003e\u003cbr/\u003e  Asian stocks gained on Thursday in tandem with an oil price rally after OPEC members agreed to \u003ca href='https://t.co/EjV5OStuyr' target='_blank' rel='nofollow'\u003ecurb…\u003c/a\u003e #business— Nuusie Business (@Nuusie_Business) September 29, 2016\u003cbr/\u003e\u003cbr/\u003e The move lifted the currencies of crude-producing countries and sent share indexes rising with energy shares leading the way. \u003cbr/\u003e\u003cbr/\u003e A slump in oil prices has caused steep earnings losses for energy companies for several quarters. \u003cbr/\u003e\u003cbr/\u003e  Why OPEC Cut Should Mean Higher Oil, Higher Stock Market: Oil popped more than $3 from the lows of \u003ca href='https://t.co/VBd9uCybCQ' target='_blank' rel='nofollow'\u003ethe …\u003c/a\u003e #tech— Mike Patel (@TheMehulPatel) September 29, 2016\u003cbr/\u003e\u003cbr/\u003e Past attempts to reach an output deal have been complicated by political rivalry between Iran and Saudi Arabia. Riyadh had said it would only cut if other oil producers followed suit. \u003cbr/\u003e\u003cbr/\u003e Iran had argued it needed exemptions until its production recovers after the lifting of EU sanctions.\u003cbr/\u003e\u003cbr/\u003e How much each country will produce is to be decided at the next formal OPEC meeting in November.\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details 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