Crude oil spikes as more OPEC rumors surface

West Texas Intermediate crude oil is higher by 1.08% at $49.64 per barrel as of 9:25 a.m. ET following more reports crossing the wires about a potential production freeze or even a cut.
Reuters reports sources familiar with the said that Saudi Arabia and its Gulf OPEC allies are considering cutting their production by 4%. However, its seems like not everyone is on board with that. A separate headline from Reuters indicated Russia would freeze production at current levels, but not reduc