CNBC | Oil rises above $33 on chance of production cut CNBC Oil rose towards $34 per barrel on Thursday, hitting a three-week high and bouncing well off a 12-year low set this month, supported by the possibility that major producers may cooperate to cut production. Russian officials have decided they should ... Oil prices rise as market clings to hopes of an output cut Oil rises toward $34 on chance of production cut Oil price: Russia blinks first – is this the end of the slump? |