CNBC | Saudis and Russia speak, but oil goes lower? CNBC The oil market rallied on Tuesday morning as chatter emerged that Qatar, Venezuela, Saudi Arabia and Russia met to freeze output of oil at January levels. After the brief rally, oil resumed its bearish position as none of the oil producing countries ... Dow up 223, Nasdaq gains 2.3% on possible oil deal Oil prices rise temporarily on talk of output cut Young Saudis See Cushy Jobs Vanish Along With Nation's Oil Wealth |