Oil jumps 10+% after OPEC meeting and decline in U.S. inventory

Resultant of an OPEC meeting where Saudi Arabia pressed allies for better compliance with output cuts, Hurricane Sandy cut U.S. production, and major banks projected a supply deficit, oil futures rose by more than 10%. Eastern Libya commander Khalid Haftar also announced he would lift his oil output blockade for one month, though it is yet to be seen how quickly Libya can ramp up production.