Reuters: Oil rises 10 percent after OPEC calls for "severe" cut

[chris]

Oil rises 10 percent after OPEC calls for "severe" cut
      

NEW YORK (Reuters) - Oil surged more than 10 percent on Thursday, settling at nearly $48 a barrel after the OPEC president called for more "severe" production cuts and the dollar fell to a seven-week low versus the euro.<div class="feedflare">
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