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OPEC agrees to slash daily output in bid to raise global oil prices

France 24 Wednesday, 30 November 2016 ()
The OPEC oil cartel reached a deal Wednesday to reduce its output for the first time in eight years, Qatar's energy minister and president of the OPEC conference said.
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News video: Oil prices surge up on output cut hopes

Oil prices surge up on output cut hopes 01:05

Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week. Brent crude went up to 47.94 a barrel, its highest since the start of the month, a five-percent rally no doubt also fuelled by comments from the Russian...

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