OPEC and its Russia-led allies agreed in Vienna on Friday... to cut oil production despite pressure from U.S. President Donald Trump to keep prices low.<br />The cuts will remove 1-point-two million barrels a day from world markets... for the first six months of 2019. <br />OPEC members agreed to cut their combined output by 800-thousand barrels per day, while non-OPEC allies including Russia will reduce output by 400-thousand barrels per day. <br />Brent crude, an international benchmark for oil prices,... soared five percent on the news, trading at 63 U.S. dollars a barrel.<br />The agreement came as the oil industry is grappling with a roughly 30 percent fall in prices since October. <br />
