Reuters UK | Oil surges 8 percent as US rig count plunges, shorts cover Reuters UK In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than $53 (35 pounds), its highest in more than three weeks, after Baker Hughes data showed the number of rigs drilling for ... Oil Rises, but Poised for Record Seven-Month Drop We Saw An Incredible Collection Of Ferraris In Palm Beach This Weekend Oil rises, but set for record run of monthly falls |