Oil futures surge more than 8pc in New York on OPEC deal
Oil prices soared more than 10 per cent 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.
Crude prices were also on track to have risen over 5 per cent this month. However, they were unlikely to skyrocket further in reaction to the deal and the rally may even be short-lived, traders and analysts said.
Reuters
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