Oil jumps 4% on U.S. stockpiles drop; further OPEC output cuts seen

NEW YORK (Reuters) - Oil prices surged 4% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles. Brent crude futures were up $2.44, or 4%, at $63.26 a barrel by 11:09 ET (1609 GMT). U.S. West Texas Intermediate (WTI) crude futures were up $2.38, or 4.2%, at $58.48. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a group known as..