CNBC | Oil tumbles after Saudi comments on output freeze CNBC Oil tumbled as much as 4 percent on Friday after the Saudi deputy crown prince reportedly said the kingdom will not freeze production unless Iran and other major producers do so. Futures slightly pared losses after oilfield services firm Baker Hughes ... Saudi Arabia plans to sell state oil assets to create $2tn wealth fund Crude Oil Sinks on Saudi Hesitance to Curb Production Oil tumbles 4 percent; Saudi Arabia cools on output freeze |