Vedanta Resources Share News (VED)

(ShareCast News) - The FTSE 250 index fell 0.6% to 17,627.04 in the late afternoon. Oil prices rose as non-OPEC members including Russia agreed to cut production by 558,000 barrels per day, less than the 600,000 barrels a day they had been asked for but with Saudi Arabia signalling deeper cuts minutes after the meeting.Saudi oil minister Khalid al-Falih said: "I can tell you with absolute certainty that effective Jan. 1 we're going to cut and cut substantially to be below the level that we have committed to on 30 November." Shares in Tullow Oil, Hunting, Vedanta Resources and Petrofac gained after his comments.Metal prices rose, with Chinese steel rebar up to $524.5 per tonne from $500.1/t and Iron ore rising to $79.8/t from $76.4/t, putting shares in miner Evraz well in the green.Hochschild Mining advanced on the back of a 0.99% bump up in silver prices.Meanwhile, BGEO group was in the red after it announced that its wholly-owned energy and utilities subsidiary had issued a 30m Georgian lari currency (£9m) bond; the largest ever local-currency bond placed by a non-financial institution in Georgia. Chief executive Irakli Gilauri said the bond was in line with Georgia Global Utilities' funding strategy to raise new funding in local currency with longer-term maturity.RisersEvraz (EVR) 272.50p 16.16%Tullow Oil (TLW) 331.30p 6.08%Mitie Group (MTO) 225.40p 6.02%Allied Minds (ALM) 416.20p 5.34%Petrofac Ltd. (PFC) 916.00p 5.29%International Personal Finance (IPF) 169.00p 5.23%Entertainment One Limited (ETO) 233.50p 5.04%Vedanta Resources (VED) 968.00p 4.20%Hochschild Mining (HOC) 239.50p 3.68%Hunting (HTG) 635.50p 3.42%FallersLadbrokes Coral Group (LCL) 119.10p -8.81%Marshalls (MSLH) 281.40p -5.22%Lancashire Holdings Limited (LRE) 645.00p -3.66%Beazley (BEZ) 372.90p -3.49%Restaurant Group (RTN) 328.00p -3.36%BGEO Group (BGEO) 3,267.00p -3.31%Berkeley Group Holdings (The) (BKG) 2,780.00p -3.17%Galliford Try (GFRD) 1,253.00p -3.17%BTG (BTG) 559.50p -2.78%Thomas Cook Group (TCG) 86.30p -2.71%