The first co-ordinated agreement to cut oil production for eight years has already sent the oil price higher, which amply demonstrates that it won't just be OPEC who will benefit from the reduction, opening the gate for BP(LSE: BP) and Shell(LSE: RDSB).
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Owain Bennallack owns shares of BP and Royal Dutch Shell B. The Motley Fool UK has recommended BP and Royal Dutch Shell B. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.