Oil erases losses for 2015 as majors take action By: CNBC.com News February 03, 2015 at 06:36 AM EST The price of oil continued its rally, with producers announcing spending cuts which added to a slew of positive factors helping the commodity higher. Read More >> Related Stocks: Baker Hughes Inc Cnooc Ltd Deutsche Bank Ag Morgan Stanley Oao Gazprom ADR iPath Dow Jones-Goldman Sachs Crude Oil Fund