Forbes | Russia, Saudi Oilfield Mismanagement Will Bring Back $100 Oil Forbes Today, Russian President Vladimir Putin pledged to cooperate with Saudi Arabia's proposal to reduce oil production in an effort to boost oil prices. Bruce Pile says that Russia and Saudi Arabia may not have as much control over oil production it appears. Oil hits one-year high as Russia ready to join output caps US crude settles at highest level since July 2015, up 3% at $51.35 Stocks Rise With Oil on Prospect of OPEC Deal; Mexico Peso Jumps |