CNBC's Nancy Hulgrave reports on an agreement among four countries to freeze oil output to January levels.
There is no sufficient supply coordination to deal with a tepid but growing demand in oil says David Stubbs, global markets strategist at JPMorgan Asset Management.
Asia traded broadly higher on Tuesday, extending Monday's rally, but experts were not convinced it was the end of the volatility.
Oil prices rose on Monday, by speculation that OPEC might agree to cut production to reduce a supply glut that has pushed prices lower.
Japanese shares surged, after last week's sharp sell-off, despite weak Q4 GDP. But Chinese stocks lost ground after its markets re-opened from a week-long holiday.
After a rip-roaring week, Wall Street should be in better spirits when it gets back to work Tuesday.
CNBC's Jackie DeAngelis analyzes the market factors that took oil higher Friday, and whether the fundamentals justify the pop.
Oil prices jumped on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates.
Discussing the massive move higher in the price of oil, the potential for production cuts, and what the fall in U.S. oil rigs means, and John Kilduff, Again Capital founding partner
Analysts and market watchers say there is little chance OPEC and nonmembers will agree to production cuts.
Markets in Asia dropped on Friday, with Japan's Nikkei tumbling, after a sell-off on Wall Street fueled by volatile oil and worries over bank earnings.
Chris Wheaton, portfolio manager at Allianz Energy Fund, says oil prices must rise to support non-OPEC producers.
RBC Capital Markets' Helima Croft looks to what may happen with oil prices with a drop today of lows not seen since 2003.
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile.
Winds that hinted at partially reversing the oil price rout appear to be dying down. A number of experts now see 2016 as another waiting game.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Bob McNally, The Rapidan Group founder, thinks oil prices go even lower in the short-term, saying we have a "bust first, before a boom."
The head of Rosneft floated the idea of an output cut by oil-producing countries to prop up sagging prices but fell short of saying whether Moscow take part.
Oil prices rose sharply in Asian trade on Wednesday on glimmers of hope of a producer cut-back and after a steep sell-off overnight.
Oil prices slipped Monday as supply concerns grew after a Saudi-Venezuela meeting showed few signs of coordination to boost prices.