CNBC | Oil spikes above $34 on report oil ministers will meet in Feb. 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 ... Oil rises toward $34 on chance of production cut Oil rises towards $34 on chance of production cut Rumors of OPEC-Russia Coordination Send Oil Prices Surging |