Both countries sign a charter to limit price fluctuations . Oil prices rise 6 % on Tuesday . Libya produces 1.6 million barrels of oil per day . Saudi Arabia 's daily production is 8.4 million barrels .
87 countries sign a charter to limit price fluctuations . Oil prices jumped 6 % on Tuesday . Libya produces 1.6 million barrels of crude per day . Saudi Arabia 's daily production is 8.4 million barrels .