Oil prices rise as OPEC+ agrees to large output cut

NEW YORK, Oct. 5 (Xinhua) -- Oil prices climbed on Wednesday after major producers announced a big production cut.

The West Texas Intermediate for November delivery increased 1.24 U.S. dollars, or 1.4 percent, to settle at 87.76 dollars a barrel on the New York Mercantile Exchange. Brent crude for December delivery added 1.57 dollars, or 1.7 percent, to settle at 93.37 dollars a barrel on the London ICE Futures