It is a start, but the cuts need to go up a couple of million barrels for oil to be back over 100 in the next 12 months. Watch the Saudies and US oil (very greedy people as well) make it happen, Russia lines up, blow up an Iraq pipeline, Iran pumps as much as it can and  Saudi Arabia will agree to deeper cuts and the fracking will not start as fast as the analysis think. If you bough some oil yesterday, buy more today, the stocks are going up and they may just be canadas run next year. Buy US if you want another 5 percent, but be prepared to get out early next year as the CDN Dollar will recover as fast as the oil goes up...