CNBC | Oil surges more than 6%; US oil rig count falls by 8 to 354 CNBC Oil prices rose on Friday, lifted by hopes that a punishing global excess of crude oil could be nearing a tipping point and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand. Declines in U.S ... Oil prices jump 6 percent on US stockpile draws, Keystone Oil price back above $40 but will 'struggle to go higher' Oil prices jump 6% on US stockpile draws |