CNBC | Oil gyrates after Saudi Arabia reiterates support for market CNBC Oil prices gyrated on Monday after the Saudi Arabian cabinet said in a statement the kingdom remained ready to work with other producing and exporting countries to stabilize prices. U.S. West Texas Intermediate (WTI) crude futures were down 26 cents a ... Crude oil is spiking Saudi Arabia Edges Out Russia in China Oil Sales as OPEC Digs In Oil spikes higher after bullish Saudi comments |