Wall Street Journal | Oil Surges on Signs of Growing US and Asian Demand Wall Street Journal Oil prices surged to one-week highs Monday as rising signs of demand in both the United States and Asia are driving the largest oil rally in about two months. Light, sweet oil for May delivery is up $2.54, or 5.2%, at $51.68 a barrel on the New York ... What determines if oil prices go up or down? Saudi strategy to retain oil dominance Oil leaps 5 pct on tempered Iran view, slower US inventory rise |