CNNMoney | Oil prices jump to $40 CNNMoney That's because the recent oil surge to $40 hasn't been fueled by significant improvements in the epic supply glut that caused crude to crash in the first place. It's been based more on hopes that OPEC and other global producers will reach a landmark ... Oil rallies above US$40 for the first time since December New Guard Rises in Saudi Arabia as Oil Crisis Forces Rethink |