Oil jumps $1 as OPEC surprises with output cut - Instablogs

Oil jumps $1 as OPEC surprises with output cut - Instablogs

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Oil jumps $1 as OPEC surprises with output cut

Rajni , Shimla: Sep 10 2008

Made Popular Sep 10 2008

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Oil prices jumped more than $1 a barrel on Wednesday, rebounding from a five-month low after OPEC surprised traders with a deal to effectively cut production by just over 500,000 barrels per day (bpd) from July levels.

Tags: Economy, OPEC, Chakib Khelil, Business

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