Wall Street Journal | Oil Rises After Saudi Call for Action on Prices Wall Street Journal Oil prices ticked higher on Friday after Saudi Arabia said it would work with other oil producers to stabilize prices, a comment interpreted by some to mean the world's biggest oil producer could support a collective production cap. The comment by ... Venezuela Is Drowning In Its Own Oil US oil settles at $43.49 a barrel, up 4.27 percent, or $1.78 Oil prices extend gains after Saudi hints over freeze pact |