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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 tumbles on doubts over OPEC production cut

Oil tumbles on doubts over OPEC production cut 01:12

Oil prices have fallen almost 4 percent on signs leading oil exporters in OPEC were struggling to agree on a deal to cut production to reduce global oversupply. As Laura Frykberg reports, Brent saw the biggest daily percentage decline since early September.

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