Crude oil prices moved sharply higher in early Friday trading as investors reacted to data less Crude oil prices jumped in early Friday trading on renewed speculation about production moves and dimmed prospects for a U.S. rate hike. Oil moved sharply lower in recent sessions as data indicate the prospects for a narrowing gap between supply and demand are fading in the midst of increased inventory levels for crude oil. Crude oil prices in Asian trading shot up on word from President Vladimir Putin that Russia was moving in line behind the prospects for extraordinary action to correct the market. In an interview with the Bloomberg news agency , the president said “economic sense and logic” suggested some form of compromise was needed to stimulate prices. Lower crude oil prices are hurting […]