CNBC | Oil futures jump on output freeze hopes; glut hurts physical prices CNBC Crude futures jumped on Wednesday as hopes for an agreement among exporters to freeze output underpinned the market, although persistent global oversupply and Iran's plans to boost production pressured physical oil prices. Oil futures recovered from ... Oil Extends Gain Amid Freeze-Pact Hope, Declining U.S. Supplies Cheap Oil Means Record US Trade Surplus With OPEC Oil prices surge on fresh hopes for a production freeze |