LONDON: Oil rallied on Monday after key producer Saudi Arabia slashed output by a million barrels in a bid to prop up prices, while fellow Opec+ members agreed to continue current cuts to 2024. International benchmark Brent oil and US counterpart WTI crude won more than two per cent before pairing gains. Brent North Sea crude jumped 2.3 per cent to $77.87 per barrel and … Continue reading Oil jumps after Saudi output cut