OIL FUTURES: Crude rallies as OPEC+ agrees to 2 mil b/d production cut

Crude oil futures moved higher in midmorning trading in New York Oct. 5 after OPEC and its allies agreed to slash output in November. At 1542 GMT, NYMEX November WTI was up $1.76/b at $88.28/b and ICE December Brent rose $2.00/b to $93.80/b. OPEC and its allies, at their first in-person meeting since March 2020, agreed Oct. 5 to trim…