The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at its headquarters in Vienna, Austria, March 21, 2016. REUTERS/Leonhard Foeger
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Oil investors have $490B riding on big OPEC decisionAfter two tough years of falling oil prices and company valuations, investors in the world's biggest energy producers have some cause for hope as crude prices continue their recovery from a 12-year low. Oil and gas producers including ExxonMobil Corp. and Royal Dutch Shell PLC have together added $490 billion to their market value this year, the biggest gain in six years following a 27-percent rise in benchmark Brent crude, according to data compiled by Bloomberg.The Bloomberg World Oil & Gas Index of 58 companies is up 12 percent this year, the largest gain since 2009 following two years of declines.
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