Oil jumps 2 percent on expected OPEC production cuts

04 December 2018, News Wires — Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply. Benchmark Brent crude oil jumped by $1.89 to a high of $63.58 before easing back to trade around $63 by 1240 GMT. U.S. … More »