Reuters | Brent crude oil prices surge to nearly $52 per barrel after OPEC agrees ou... Reuters The Organization of the Petroleum Exporting Countries (OPEC)agreed on Wednesday its first oil output reduction since 2008 after de-facto leader Saudi Arabia accepted "a big hit" and dropped a demand that arch-rival Iran also slash output. The deal also ... Oil back above $50 as Opec agrees supply cut Oil price surges as Opec agrees first production cut since 2008 Oil prices are surging as OPEC hashes out a deal to cut production |