Reuters | Oil prices up 2 percent on hopes of OPEC output cut Reuters LONDON Oil prices rose around 2 percent on Tuesday, bouncing back from multi-month lows on optimism that OPEC will agree later this month to cut production to reduce a supply glut. North Sea Brent crude oil LCOc1 was up 75 cents a barrel at $45.18 by ... Oil Prices Inch Lower on Supply Concerns BP CEO Sees Oil Market 'Pretty Pessimistic' About OPEC Cuts Oil Is Heading Back To $20s |