CNBC | Iraq oil minister confirms he will no longer attend cabinet meetings CNBC Oil prices pared losses to trade back above $40 a barrel on Thursday, but were on track for their first weekly loss in over a month, pressured by record high U.S. stockpiles, weakening equity markets, and a strong dollar. Also on Tuesday, Iraq's Oil ... Oil Prices Extend Fall as Stockpile Worries Resurface Oil set for weekly loss as huge supplies cut short rally Oil prices fade to below $40 per barrel |