CNBC | Oil rebounds from 5-month low on hopes for output cut extenstion CNBC Oil prices rebounded after falling to fresh five-month lows on Friday on assurances from Saudi Arabia that Russia was ready to join OPEC in extending supply cuts and following a better-than-expected U.S. jobs report. U.S. West Texas Intermediate (WTI) ... Oil trades near five-month lows despite Saudi assurances on cuts Oil Prices Pinned Near Five-Month Low |