![Oil prices to surge as Saudis slash production](https://cdn.newsserve.net/ONPglobe256.png)
Oil prices to surge as Saudis slash production
Saudi-led oil producers are to slash output by more than 1m barrels a day amid a scramble to drive up crude prices in the face of the stuttering global economy. The surprise cut by the Opec cartel of countries was expected to increase the cost of a barrel of oil by as much as $10 in trading on…
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