CNBC | Oil Set for Biggest Weekly Gain Since 2011 as Volatility Climbs Bloomberg Oil must trade lower than $30 a barrel before producers will begin to curb production, according to Ed Morse, the head of global commodity research at Citigroup Inc. WTI will probably decrease below that level later this year and then recover, he said ... US oil trades higher amid rig count data Oil markets catch breath after biggest gains in six years Oil futures on track for best weekly gain in about 6 years |