Oil prices jump more than $2/bbl after Saudi pledges to cut more output

Oil prices jump more than $2/bbl after Saudi pledges to cut more output

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Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of…

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