CNBC | US rig count falls by 12 rigs: Baker Hughes CNBC Oil prices retraced early gains in volatile trade on Friday after news Iran would not participate in a possible deal between OPEC and other producing countries to trim output. Prices rose on early prospects that a deal between major exporters to cut ... Oil price jumps as Russia hints at production cuts Oil trims gains as Iran shuns talk of output cuts 'This frenzy is idiotic' says Rosneft after oil rally |