MarketWatch | Oil prices soar to best level in more than a year as OPEC-led bounce resumes MarketWatch A key benchmark for oil prices shot to levels not seen in more than a year on Monday, as the commodity reversed earlier losses and resumed last week's sharp rally inspired by OPEC's historic agreement to cut production. Light, sweet crude for January ... Oil Market Turns Upside Down as Shale Rushes to Hedge Post-OPEC Oil price heads to $55 despite expected output rise Saudi Arabia discussed oil output cut with traders ahead of Opec |