CNBC | Oil steadies near $80 after Saudi pledges rapid output rise CNBC Brent crude traded just below $80 a barrel on Monday as Saudi Arabia pledged to raise its oil production to a record, two weeks before U.S. sanctions potentially choke off Iranian supplies. Benchmark Brent crude oil futures were up 3 cents on the day ... Oil Edges Down as Dollar Strengthens Saudi, Russian oil output unable to compensate for Iranian crude: Zanganeh Oil little changed despite Saudi pledge to boost output |