CNBC | Oil rises above $50 on profit-taking, OPEC comments CNBC Brent prices touched an intra-day high of $49.52 a barrel after Russia's energy minister said Russia and Saudi Arabia had discussed the oil market in a meeting last week and would continue to consult each other. This was in line with comments made by ... Global Oil to Cut Spending by $130 Billion, OPEC Says OPEC chief: Oil prices will rebound as investment is slashed Will Oil Prices Go Back Up? OPEC Chief Says It's Possible In 'Near Future' |