CNBC | Oil prices fall as Saudi Arabia plans output increase - CNBC.com CNBC Oil fell below $80 a barrel, as Saudi Arabia sought to reassure the market that the kingdom remains focused on raising output to compensate for supply losses ... Saudi, Russian oil output unable to compensate for Iranian crude: Zanganeh Crude oil futures stable amid mild build in US rig data; supply concerns Brent oil rises back above $80 as Iran sanctions loom |