Wall Street Journal | Oil Surges on Signs of Growing Demand Wall Street Journal Oil prices surged to their biggest gains in two months on signs of rising demand in both the U.S. and Asia. Light, sweet crude for May delivery rose $3, or 6.1%, to $52.14 a barrel on the New York Mercantile Exchange. It was the U.S. benchmark's ... Oil jumps five percent on tempered Iran view, slower US inventory rise Crude oil jumps as Saudi Arabia hikes Asia pricing What determines if oil prices go up or down? |