Oil prices jump after Saudi Arabia announces December supply cut

SINGAPORE (Reuters) - Oil prices jumped more than 1.5 percent on Monday after top exporter Saudi Arabia announced a supply cut in December and other producers also considered reductions heading into 2019.Front-month Brent crude futures , a benchmark for global oil prices, were at $71.59 per barrel at 0749 GMT, up 2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures rose 1.6 percent to $61.15 per barrel.Saudi Arabia plans to reduce oil supply to world markets by..