MarketWatch | Oil rebounds after more jawboning from OPEC members MarketWatch Oil futures headed higher on Friday as West Texas Intermediate crude rebounded from a nearly 13-year low a day earlier as a major oil producer again raised the possibility that some of the world's largest producers may cut production. March WTI crude ... US crude surges 12% on output-cut hopes, short covering Oil claws higher, but weekly loss looms on supply excess Oil Rises Most in Three Weeks in Rebound From Lowest Since 2003 |