CNBC | Oil prices trade near 5-month lows despite Saudi assurances on cuts CNBC Oil prices fell to fresh five-month lows on Friday on concerns about a persistent glut despite assurances from Saudi Arabia that Russia was ready to join OPEC in extending supply cuts. U.S. West Texas Intermediate (WTI) crude oil futures fell more than ... Oil spill leaves commodities spinning, safe-havens shine Oil Prices Pinned Near Five-Month Low Iran To Raise Oil Output At Oil Field It Shares With Saudi Arabia |