CNBC | Oil prices jump but weekly losses CNBC Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Still, analysts said such a move remained unlikely and prices for Brent and U.S. West Texas ... Oil Rebounds From Lowest Close in 12 Years to Pare Weekly Loss Oil prices rally 5% after more jawboning from OPEC members OPEC cut rumor halts oil price decline |