CNBC | Oil jumps despite dashed hopes on output cut CNBC The oil price had gyrated Tuesday on supply-cut hopes ahead of meeting of top exporters in Doha, Qatar. Those hopes were dashed when Russia and Saudi Arabia agreed to freeze output at January's levels instead.Qatar and Venezuela have already ... Saudi Arabia and Russia agree to oil production freeze in Qatar meeting Saudi Arabia Oil Minister: Production freeze will be enough to improve market FTSE 100 falls back despite oil deal |