opec output cut

Oil Jumps Over 10 Pct as OPEC Finalizes Output Cut Deal

By Jessica Resnick-Ault NEW YORK, Nov 30  – Oil prices soared more than 10 percent on Wednesday to the highest in a month as some of the world’s largest producers agreed to curb production for the first time since 2008 in a bid to support prices. Crude prices were also on track to have risen

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OPEC Agrees First Output Cut Since 2008, Details Unclear

By Ahmad Ghaddar, Alex Lawler and Rania El Gamal VIENNA, Nov 30  – OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters after Saudi Arabia said it was prepared to accept “a big hit” on production and agree to arch-rival Iran freezing output at pre-sanctions levels. Brent crude futures

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