CNBC | Oil rises on expected OPEC cuts, but surging US supply drags CNBC Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.84 per barrel at 0353 GMT, up 38 cents, or 0.7 percent, from their last ... Oil prices stable on expected Opec cuts, but surging US supply drags Russia Isn't Interested In Joining New OPEC-led Oil Output Cuts Putin comfortable with oil price staying close to $70 |