CNBC | Stocks under pressure as oil fluctuates; miners, banks slip CNBC The oil price initially spiked on hopes there could be production cuts. After the meeting however, oil prices pared after four nations dashed any hopes of an outright cut to supply, by only agreeing to freeze output at January levels if other exporters ... Energy stocks pare gains after oil output freeze agreed ECB ready to act, keeps eye on bank stocks, oil prices: Draghi |