CNBC | US crude rises 5 cents, settling at $69.17, as Saudis pledge to boost output CNBC Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia's pledge to raise crude production to a record high, two weeks before U.S. sanctions potentially choke off Iranian supplies. Benchmark Brent crude oil futures ... Oil Edges Down as Dollar Strengthens Saudi, Russian oil output unable to compensate for Iranian crude: Zanganeh Oil Declines to Five-Week Low as Saudi Supply Risk Dissolves |