Oil prices rise as Saudi Arabia discusses supply cuts

By Christopher Johnson LONDON (Reuters) - Oil prices rose on Thursday after Saudi Arabia started talks with customers about a reduction in crude sales to support a plan by OPEC to reduce global supply. Under the deal, Saudi Arabia agreed to cut output by 486,000 barrels per day (bpd), or 4.61 percent of its October output of 10.544 million bpd. Investors have been suspicious that OPEC may not cut as much as promised, but several sources told Reuters on Thursday the world's biggest oil exporter i