CNBC | Oil surges 5% on freeze hopes, economic growth CNBC Oil prices rose as much as 4 percent on Friday, lifted by fresh hopes over a proposed freeze in oil production and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand. Russia's oil production ... Oil prices rise on optimism over end of punishing glut Oil price back above $40 but will 'struggle to go higher' Oil drops on profit-taking after US reserves fall |