Oil jumps 1.7 percent, adds to year’s gains ahead of OPEC cuts

27 December 2016, London/New York — Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday. U.S. crude prices have surged 25 percent since mid-November, helped by expectations for OPEC’s supply […] More »