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With this week's deal to cut output, OPEC is creating incentives for American shale producers to boost output just as the incoming Trump administration vows measures to promote US oil development. Oil prices shot up on the announcement, which was more muscular than many analysts expected, boosting prices by nearly 10 percent Wednesday and lifting the US benchmark contract to above than $50 a barrel Thursday. OPEC's planned production cuts are nearly the same amount US producers trimmed in the wake of a two-year skid in prices.
SAN BERNARDINO, Calif. (AP) — At the moment when shooters unleashed terror on San Bernardino a year ago, county employees remembered their fallen colleagues with a moment of silence late Friday morning.