OPEC says willing to cut production further from March…  Impending U.S. stimulus package supportive…  Dismal U.S. jobs data still weighs on sentiment…

U.S. crude stocks rise to 18-month high… U.S. data at 1330 GMT expected to show more job losses…  OPEC signals it may cut output further…

OPEC may consider new 1 million bpd cut in March-source… Reuters poll shows OPEC makes 67 pct of pledged cut… Nigeria oil union threatens strike from Feb. 9…  U.S. crude stocks seen up for sixth straight time…

Oil falls after two sessions of gains… Israeli offensive goes into fourth day…  OPEC output set to fall further in December

OPEC in agreement on need for deep supply cut… Saudi Arabia has cut supply by 8 percent – OPEC president… Russia offers OPEC “concrete support”

U.S. government says world oil demand will shrink this year and next… OPEC expected to agree output cut next week…

Oil jumps 6 pct after fall to 4-year low last week… Saudi deepens some supply cuts ahead of OPEC meeting… Equity market bounce aids sentiment across commodities

The Organization of Petroleum Exporting Countries (OPEC) Friday said it would cut oil production quotas by 1.5 million barrels a day in an attempt to put a floor under oil prices, which have plunged nearly 60% from their July record.

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