Wednesday, 30 November 2016 16:33
LONDON: Oil prices jumped more than 7 percent on Wednesday as some of the
world's largest oil producers gathered in Vienna to agree on
a production cut that could be bigger than expected. Brent crude futures were up $3.33 at
$49.71 per barrel by 1102 GMT, on course for their biggest one-day move in nine
months. US West Texas Intermediate (WTI) crude futures were $2.95 higher at
$48.18 a barrel.The Organization of the Petroleum
Exporting Countries started a meeting at 0900 ...