CNBC | Oil prices rise on expectations for supply cut CNBC Oil rose on Friday on expectations that OPEC and its allies would agree to cut output next month, but prices were still down on the week on concerns that the global market was oversupplied. A sharp pullback has shaved more than a fifth off the Brent ... Oil reclaims more ground though the sharp selloff accounts for a 4% weekly loss The Quickly Changing Global Oil Markets Oil Regains Ground After Sharp Selloff |