As OPEC+ surprise output cuts rattle the markets, oil prices soar

(Reuters) Following a shock announcement by OPEC+ to cut more production, oil prices spiked on Monday, posting the largest daily increase in almost a year. Brent crude reached its highest price in a month at $86.44 earlier in the session. By 0627 GMT, it was trading at $83.89 per barrel, up $4 or 5%. U.S…. Rozbalit »