CNBC | Oil surges above $35 on growing expectations of production cut CNBC Oil surged as much as 8 percent to above $35 per barrel on Thursday, hitting a three-week high and bouncing sharply away from a 12-year low set this month, as expectations built that major producers may cooperate to cut output. Oil is up around 30 ... MarketsOil leaps as Russia says may meet Saudi on cut Crude oil is spiking after reports that OPEC may discuss a production cut Oil price: Russia blinks first – is this the end of the slump? |