The Globe and Mail (subscription) | Crude oil jumps as Saudi Arabia hikes Asia pricing The Globe and Mail (subscription) Oil prices surged to their biggest gain in nearly two months after Saudi Arabia raised prices for crude shipments to Asia, as demand from refineries improved. West Texas intermediate crude for May delivery settled up $3.00, or 6.1 per cent, to $52.14 a ... Oil jumps five percent on tempered Iran view, slower US inventory rise Oil Surges on Signs of Growing Demand What determines if oil prices go up or down? |