CNBC | Oil hits 4-year highs, shrugging of US stockpile jump and Saudi output hike CNBC Brent crude rose in volatile trade on Wednesday, shrugging off a big jump in U.S. crude stockpiles and Saudi Arabia's announcement that its output rose to near a record high. "Nothing matters between here and Nov. 4," said Bob Yawger, director of ... Exclusive: Saudi Arabia, Russia agreed in Sept to lift oil output, told US Oil slips below $85 as Saudi raises output towards record high Saudi oil output reaches record highs, but oil prices remain close to four-year peak |