Oil jumps 5 percent on prospects for OPEC output cut

By Amanda Cooper LONDON (Reuters) - Oil jumped more than 5 percent on Wednesday, after the Saudi oil minister said an agreement among OPEC members on cutting output was close, putting the price on course for its biggest one-day move since April. Brent crude futures rose $2.72 on the day to $49.10 per barrel by 0935 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose $2.43 to $47.66 a barrel. Saudi Arabia's energy minister, Khalid al-Falih, said he believed the market's fundamentals