CNBC | US oil sheds 4 pct after Saudi comments CNBC U.S. oil tumbled 4 percent on Friday after the Saudi deputy crown prince reportedly said the kingdom will not freeze production unless Iran and other major producers do so. Futures slightly pared losses after oilfield services firm Baker Hughes ... Crude Oil Sinks on Saudi Hesitance to Curb Production Saudi Arabia plans to sell state oil assets to create $2tn wealth fund Oil tumbles 4 percent; Saudi Arabia cools on output freeze |