NEW YORK, Sept 28 (Reuters) - Oil prices jumped as much as 6 percent on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November, a source for the producer group said.

NEW YORK, Sept 28 (Reuters) - Oil prices jumped as much as 6 
percent on Wednesday after OPEC sources said the group has 
reached a deal to limit crude output at its policy meeting in 
November, a source for the producer group said. 
Brent crude was up $2.76, or 6 percent, at $48.73 a 
barrel by 2:28 p.m. EDT (1820 GMT), after reaching a more than 
two-week high of $48.96. 
U.S. West Texas Intermediate (WTI) crude rose by 
$2.35, or 5.4 percent, to $47.02, peaking at $47.45, its highest 
since Sept 8. 
The Organization of the Petroleum Exporting Countries has 
agreed to limit production to 32.5 million barrels per day, OPEC 
sources said after talks held by the group on the sidelines of 
the Sept. 26-28 International Energy Forum in Algiers. The 
latest production figure for the group is 33.24 million 
bpd. 
After reaching that target, OPEC will seek support from 
non-member oil producers to further ease the global glut, the 
sources said. 
"This was unexpected for sure ... no one that I know of saw 
it coming. The market doesn't seem positioned for it. The 
fundamentals in the U.S. are already tighter than we expected 
and is due to get tighter," said Scott Shelton, energy broker 
and commodities specialist for ICAP in Durham, North Carolina