Sputnik International | Oil Jumps as Saudi Arabia, Russia Favor Extending Output Deal Bloomberg Oil jumped to its highest level in two weeks after energy ministers in Saudi Arabia and Russia said they are in favor of extending OPEC's output-cut deal for nine months. Futures added as much as 1.8 percent in New York to $48.68, on course for its ... Russia sees oil market balance in winter if cuts deal extended – agencies Russian Energy Minister to Discuss Oil Output Deal Extension With Saudi Minister |