Wall Street Journal | Oil Soars 12.3% on Production Cut Hopes Wall Street Journal Oil prices surged to their biggest one-day gain since the financial crisis, rebounding from a 13-year low on speculation that the world's biggest exporters may cut output. Light, sweet crude for March delivery gained $3.23, or 12.3%, to $29.44 a barrel ... WTI Crude Oil Price Forecast: Oil Bounces 12% Off A 12 Year Low |