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Oil surges as Opec 'reaches production cut deal'

BBC News Wednesday, 30 November 2016
Oil surges as Opec 'reaches production cut deal'The price of oil surges after reports Opec members have hammered out some details of a production cut.
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News video: Here Is Why an OPEC Production Cut Won't Mean Much for Oil Prices

Here Is Why an OPEC Production Cut Won't Mean Much for Oil Prices 01:06

Even if OPEC agrees to a production cut at next week's meeting, it won't be a seismic development for oil prices. "OPEC has been playing a big role in the price of oil over the last few months," said David Lebovitz, global markets strategist at JPMorgan Asset Management. "To us, it's much more about...

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