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Oil prices surge, OPEC agrees on first production cut since 2008

DNA Wednesday, 30 November 2016 ()
Saudi Arabia said it was prepared to accept "a big hit" on production, while Iran freezed output at pre-sanctions levels.
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News video: Oil Prices Keep Rising on OPEC Deal; Bluebird, Celgene T-Cell Therapy Sees Success

Oil Prices Keep Rising on OPEC Deal; Bluebird, Celgene T-Cell Therapy Sees Success 01:29

Oil prices continued their upward climb Thursday, buoyed by Wednesday's landmark OPEC agreement. OPEC will reduce oil production by 1.2 million barrels a day starting in January - it's first production cut since 2008. The news sent Brent and West Texas Intermediate higher by roughly 9%. Saudi Arabia...

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