CNBC | Oil rises toward $34 on chance of production cut CNBC Oil rose to nearly $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 ... Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks Oil price: Russia blinks first – is this the end of the slump? Coordinated Russian-Saudi Oil Output Cut Chatter Sounds Ridiculous |