MarketWatch | US crude surges as much as 12% on output-cut hopes CNBC U.S. crude prices jumped as much as 12 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets and the euro added to the risk appetite in oil. The about-turn came ... Oil rebounds after more jawboning from OPEC members Oil claws higher, but weekly loss looms on supply excess Crude Oil Futures Surge After Closing at Lowest in 12 Years |