CNBC | US oil closes up 69 cents, or 1.94%, at $36.31 per barrel CNBC U.S. crude rose nearly 2 percent Monday, recovering slightly after moving within a hair of 11-year lows, as record short interest led to technical covering on fears that the market declined too quickly. Early in the day, both Brent and U.S. crude ... US oil rises, reversing course after nearing 11-year lows Shell plans 2800 job cuts as oil ends freefall Why low oil prices are bad news |