CNBC | Oil price flirts with new 2016 highs in Asia session after closing above $40 a barrel CNBC U.S. oil futures flirted with new highs for 2016 in Asia trade on Friday, adding to strong gains the previous session as optimism grew that major producers would strike a deal to freeze output, while a more benign interest rate environment also ... Oil closes above $40 for first time since Dec. US oil falls after flirting with 2016-high US Oil Prices Hit $40 a Barrel, Extending Recent Rally |