Business Insider | Crude oil is going parabolic Business Insider In just a few minutes on Monday morning, the price of oil went from down 3% on the day to up more than 5%, with West Texas Intermediate crude rising above $47.50 a barrel for the first time in a month. This rally follows a 2-day surge to end last week ... Oil spikes on surprise cuts to US oil production Oil prices drop after huge rally Oil falls under $45, set for a monthly loss |