USA TODAY | Oil surges on possible OPEC production cuts USA TODAY Oil prices jumped several percentage points on Thursday amid swirling speculation that the Organization of the Petroleum Exporting Countries (OPEC) is set to slash production. Brent crude oil rose 5.1% to $34.80 at 9:50 a.m., while West Texas ... Oil soars toward $34 on possible production cuts Why oil glut not going away soon Oil Surges Despite Big Rise in Stockpiles |