CNBC | Oil jumps on dollar weakness, OPEC rumors CNBC Oil prices are up sharply in Asian hours, extending hefty gains from the previous sessions as the dollar index hit a seven-week low and on continued rumors about a possible deal to cut abundant supply. Benchmark U.S. WTI light sweet crude prices were ... Russia and Saudis ready to 'cooperate' on oil? Oil prices extend gains on dollar-slide, talk of oil producer meeting MARC FABER: Saudi Arabia is 'basically bankrupt' if oil prices stay low for 3 more years |