CNBC | Oil jumps 8 percent as dollar tumbles after US data CNBC Oil prices jumped 8 percent higher on Wednesday, snapping a two-day rout, after investors took advantage of a weaker U.S. dollar and shrugged off data showing an unexpected large surge in U.S. crude inventories to record highs. Comments by Russia's ... Why oil prices shouldn't really be rallying Japan And Iran Could Keep a Lid On Oil Price Rally Oil Rises on Dollar Tumble, Ignoring Highest Supplies Since 1930 |