Middle East

Oil Jumps Over 8% as OPEC Finalizes Output Cut Deal

Oil prices soared more than 8 percent on Wednesday to the highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in a bid to support prices.

Oil Jumps Over 8% as OPEC Finalizes Output Cut Deal

Oil prices soared more than 8 percent on Wednesday to the highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in a bid to support prices.

OPEC Reaches First Deal to Cut Oil Output Since 2008

The world's largest oil exporters agreed on Wednesday to cut output for the first time in eight years to erode a global supply overhang that has persisted for two years and halved the value of a barrel of crude.

OPEC Reaches First Deal to Cut Oil Output Since 2008

The world's largest oil exporters agreed on Wednesday to cut output for the first time in eight years to erode a global supply overhang that has persisted for two years and halved the value of a barrel of crude.