Oil prices jump to multi-week highs after OPEC+ output cut

NEW YORK, Oct. 7 (Xinhua) -- Oil prices rose on Friday for a fifth straight session, as market participants assessed major producers' decision to cut output.

The West Texas Intermediate (WTI) for November delivery increased 4.19 U.S. dollars, or 4.7 percent, to settle at 92.64 dollars a barrel on the New York Mercantile Exchange. It marked the highest finish since Aug. 29 for the U.S. crude standard, according t