Wall Street Journal | Oil Soars as OPEC Agrees to Cut Output Wall Street Journal Crude futures surged Wednesday after OPEC agreed to reduce its output by more than 1 million barrels a day, a cut that many market participants say could be significant enough to push oil supplies below demand levels sooner than expected. Delegates ... Oil prices surge as source says OPEC has agreed to plan to cut output Oil Prices Surge on Reports of a Big Output Cut by OPEC Oil jumps 8 percent on prospects for big OPEC output cut |