Home > Business Oil surges as reports say OPEC considering output cut Agence France-Presse Posted at Oct 03 2022 04:48 PM Share Facebook Twitter LinkedIn Viber A pump jack of the German Wintershall Dea company conveys crude oil as the sun sets behind an oil field near the German-Durch border in Emlichheim, Germany, 22 March 2022. EPA-EFE/SASCHA STEINBACH/FILE HONG KONG - Oil prices jumped more than four percent in Asian trade Monday as reports said OPEC and other top producers considered slashing output. WTI climbed 4.5 percent to $83.06 per barrel and Brent piled on 4.4 percent to $88.83 ahead of a meeting of the group this week in Vienna, with Bloomberg News saying officials were discussing a one-million-barrel-a-day cut in output. OPEC+ agrees oil output cut to prop up prices Oil price rises, as OPEC boosts output more than expected OPEC+ meets after Biden push to hike oil output RELATED VIDEO: Watch more News on iWantTFC Share Facebook Twitter LinkedIn Viber ANC, ANC Top, oil Read More: oil oil output oil supply global crude oil crude oil price OPEC WTI Brent crude