Wall Street Journal | Oil Prices Boosted by Optimism Over Production-Cut Promises Wall Street Journal Oil futures began the year with a jump Tuesday, with U.S. crude prices hitting an 18-month high, boosted by optimism that the crude-production cuts agreed to late last year will help to drain global stockpiles. The Organization of the Petroleum ... The reasons why oil won't put in a repeat performance of its 2016 gains: Analyst Crude oil is soaring as OPEC's deal to reduce production kicks in Oil rallies to 18-month high as OPEC output deal kicks in |