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Oil prices surge after surprise move to cut output appeared on www.bbc.com by BBC News.
Interestingly, this announcement comes just a day before the Opec+ meeting. There were indications from members that they would stick to the same production policy, meaning there would be no fresh cuts, which is why it has come as a huge surprise. There is a possibility that more members of the group could announce voluntary cuts – squeezing supplies even more.
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This article originally appeared on www.bbc.com by BBC News – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
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