CNBC | Oil shares soar as Brent breaks above $40 Telegraph.co.uk Shares in UK oil explorers have climbed as much as 50pc in the past week as Brent crude repeatedly broke above the $40-a-barrel mark and smaller oil players have shown the first signs of emerging from the global downturn. Independent oil companies ... US oil settles at $36.50 a barrel, down $1.40, or 3.7 pct Oil Prices Perk Up, Suggesting a Rebound Has Taken Hold Oil ends lower with US supplies expected to rise |