Reuters | Oil hits four-month highs as OPEC keeps talks of cuts in focus Reuters NEW YORK Oil rose more than 1 percent to four-month highs on Thursday, spurred by another informal OPEC meeting on output cuts and plunging U.S. crude inventories, with some saying the market has overshot itself with a near 15-percent gain in seven ... How a Saudi Royal Sparked an OPEC Deal and Sent Oil Prices Past $50 Saudi oil price cuts 'fly in the face' of deal to limit OPEC output $50 a barrel! Oil companies get $316B windfall |