Local shares soared today, led by the energy producers after OPEC agreed to reduce its daily production of oil.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.1% to 5471 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.1% to 5558 points
  • AUD/USD at US 76.85 cents
  • Iron Ore at US$56.48 a tonne, according to the Metal Bulletin
  • Gold at US$1,323.33 an ounce
  • Brent oil at US$48.69 a barrel

Oil prices did retreat marginally as investors turned slightly cautious, but energy shares still managed to set the ASX alight today.

BHP Billiton Limited (ASX: BHP) shares soared 4.7%, Liquefied Natural Gas Ltd (ASX: LNG) jumped 10.3%, and Woodside Petroleum Limited (ASX: WPL) rocketed 7.3% higher.

The gains didn’t stop there. Santos Ltd (ASX: STO) lifted 7.6% and Senex Energy Ltd (ASX: SXY) rose 6.4%.

The gold miners rose strongly, too. St Barbara Ltd (ASX: SBM) gained 5.5%, while Beadell Resources Ltd (ASX: BDR) ended the session 2.4% higher.

Telstra Corporation Ltd (ASX: TLS) gained 1% today. Meanwhile, Woolworths Limited (ASX: WOW) climbed another 1.7%.

Intueri Education Group Ltd (ASX: IQE) rebounded another 41.2%, but will still end the week deep in the red. Programmed Maintenance Services Limited (ASX: PRG) also fell 13.1%.

Here are Thursday’s top stories:

  1. Oil skyrockets on OPEC production cuts: Is it time to buy oil shares?
  2. Would Warren Buffett buy Medibank Private Ltd?
  3. Blackmores Limited moves into Iran: Are the shares a buy?
  4. BHP Billiton Limited surges: Are shares heading higher?
  5. Why this star fund manager just bought Flight Centre Travel Group Ltd shares
  6. Crash: Why Programmed Maintenance Services Limited shares tumbled 19% today

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.