CNBC | US oil settles up $2.40, or 8.03%, at $32.28 a barrel 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 Prices Rise on Weak Dollar, Despite Daunting Supply Data Oil bounces 5 percent after US data sparks short-covering |