CNBC | US oil rises 7.6 pct, hits $32 CNBC Oil prices jumped more than 7 percent on Wednesday, snapping a two-day rout, after investors took advantage of a weaker U.S. dollar and shrugged off data showing a unexpected large surge in U.S. crude inventories to record highs. Comments by Russia's ... Why oil prices shouldn't really be rallying Oil bounces 5 percent after US data sparks short-covering Oil Prices Rise on Weak Dollar, Despite Daunting Supply Data |