CNBC | 3 reasons why oil prices will stay at $40 CNBC Saudi Arabia, the de facto leader of OPEC (Organization of the Petroleum Exporting Countries) is the traditional swing producer of the oil group that can easily curb or ramp up oil supply. Economists have signaled that the country is currently locked ... Oil prices edge up from near seven-year lows as China oil imports surprise Asian markets fall on lower oil prices Crude-oil prices rise but analysts see limited gains |