U.S. News & World Report | Oil prices fall even with spat between 2 big producers U.S. News & World Report FILE - In this Dec. 13, 2015 file photo the sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain. Oil futures spiked briefly on Monday, Jan. 4, 2016, after the news that Saudi Arabia would cut diplomatic ties with Iran, a development ... Oil Will Spike, It's Just A Matter Of When Oil edges higher in early trade Oil Prices: This Could Break the Energy Market in 2016 |