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Oil surges 5% on US output forecast, OPEC comments - CNBC
CNBC | Oil surges 5% on US output forecast, OPEC comments CNBC Crude prices jumped about 4 percent on Tuesday after No. 1 oil consumer the United States cut output forecasts and Russia, Saudi Arabia and other big producers signaled joint action to support the market. A weakening dollar added support for oil, aside ... Oil Rises on Growing Expectation of Production Cuts Will Oil Prices Go Back Up? OPEC Chief Says It's Possible In 'Near Future' Oil edges above $50 on speculation producers coordinating |
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