Crude oil prices leapt over 63 dollars a barrel Friday following a 1.14 dollar-jump Thursday as the Organization of Petroleum Exporting Countries (OPEC) is to cut oil production by 500,000 barrels a day since Feb. 1.

New York's main contract, light sweet crude for delivery in January, rose 92 cents to 63.43 dollars per barrel.

In London, Brent North Sea crude for January delivery climbed 60 cents to 63.49 dollars.

OPEC decided in Nigeria on Thursday to cut crude production that would leave its total production level drop from 26.3 million barrels per day to 25.8 million barrels.

The cartel, which is the source of more than a third of the world's oil, reached agreement two months ago on cutting output of 1.2 million barrels per day.

Source: Xinhua