New York Times | Oil Prices Surge 8% After Long Slide Down New York Times Traders and energy experts said the sudden move up — after oil prices had plummeted by more than 50 percent since June — could be explained by various factors, including reports that the Islamic State terrorist group was advancing in an offensive ... UPDATE 9-Oil surges 8 pct as US rig count plunges, shorts scramble Oil rockets up more than 8% in biggest one-day gain since 2012 Oil surges 8 percent as US rig count plunges, shorts scramble |