OPEC, Russia and other major oil producers agreed this week to hold their collective fire power for another nine months.
These coordinated production cuts are aimed at mopping up the massive supply glut that sent crude crashing to unthinkably-low prices last year.
CNN: OPEC and Russia have failed to fix the epic oil glut
A gas flare from an oil well is seen near Williston, North Dakota, on Sept. 6, 2016.
