& T$ v' w; l2 T$ Q( f
U.S. West Texas Intermediate (WTI) crude futures rose $3.50, or 7.7 percent, to $48.73 a barrel, a one-week high.7 {! v3 L1 q0 s. V ?, p
0 G# N# X" l: L0 Z) HOPEC said it had agreed on a proposal to reduce production by 1.2 million barrels per day, or about 4.5 percent, to 32.5 million barrels per day