CNBC | Oil spikes above $62 in sudden move CNBC Oil pumpjacks in silhouette at sunset. U.S. crude oil futures suddenly spiked more than 1 percent late Friday morning, erasing losses for the week, as tensions rose in the Middle East. West Texas Intermediate (WTI) oil futures traded 1.5 percent higher ... Oil turns higher, swings weekly loss to a gain The Oil Crisis That Can't Be Stopped Oil Futures Waver on Concerns Over Supply, Demand |