Wall Street Journal | Oil Resumes Surge as Hopes Rise for Output Freeze Deal Wall Street Journal The U.S. oil benchmark touched $40 a barrel for the first time in two weeks Monday, shaking off early losses as the dollar faded and hopes rose for an agreement this week among sovereign producers that would begin to reduce the global crude glut. Oil dips after analysts pour cold water on output freeze prospects Will OPEC deliver oil deal in Doha? Goldman casts doubt on whether Doha will be enough for oil price |