Oil is heading for the first gain ahead of the Global Production cut to reduce the glut. They are also seeing the biggest fullyear rise since 2009 despite stockpiled at the highest level in three decades. Producers have agreed to cut output sunday. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Lets get a check of the markets now. It is a mixed day, but hong kong, china doing better than the morning session. Asian stocks are fluctuating. Singapore, tokyo, mumbai. Back in half an hour. Time now for the best of Bloomberg Markets middle east. Yousef it is the end of the year that saw the end of opec. Welcome to Bloomberg Markets middle east as we wrap up 2016 with this special Holiday Edition. Im yousef gamal eldin in dubai. Lows,barrel, 13 year record stockpiles, supply outweighing demand and i ran back online. Something has to give, and it did. Opec agreed to the first Production Cut in eight years. We have m