Reuters | Oil jumps over 10 percent as OPEC finalizes output cut deal Reuters The Organization of the Petroleum Exporting Countries, which accounts for a third of global oil supply, agreed to cut production from January by around 1.2 million barrels per day (bpd), or over 3 percent, to 32.5 million bpd. The cut will put ... OPEC agrees to oil production cuts The Oil And Gas Situation - November 2016 Edition FTSE 100 rises and oil breaks $52 as Opec agrees to cut output for first time since 2008 |