CNBC | Oil soars as much as 4% above $48 as equities rally CNBC Crude prices broke out of rangebound trading on Thursday and rose as much as 4 percent as optimism over equity markets helped offset a surprise increase in U.S. oil inventory levels and a firm U.S. dollar. A respite from bearish economic news in China, ... Oil down on stock builds, equity rally helps Crude Prices Rally |