BUZZ-European airlines down, as oil price rises
** Europe's five largest airlines drop between 1 and 2 percent as OPEC debates an output cut, sending oil prices higher
** Air France-KLM (LSE: 0LN7.L - news) loses 2.5 pct, Lufthansa (Xetra: LHAB.DE - news) down 2.3 pct, easyJet down 2 pct, Ryanair down 1.8 pct and IAG down 1.6 pct, underperforming a 1 pct drop in travel and leisure stocks and a 0.2 percent gain for leading European shares
** Saudi Energy Minister Khalid al-Falih said on Wednesday OPEC was close to clinching a deal to limit oil output, adding Riyadh would agree to Iran freezing production at pre-sanctions levels
** Brent crude futures jump more than 5 percent to above $49 a barrel on Wednesday (RM (LSE: RM.L - news) : victoria.bryan.thomsonreuters.com@reuters.net)