CNBC | US oil surges to $39.72, up about 8 pct for week CNBC Oil prices jumped 6 percent on Friday, heading for the largest weekly gain in a month, as drawdowns in U.S. crude stockpiles fed hopes that a punishing global oversupply may be nearing tipping point. U.S. gasoline and diesel prices rallied along with ... Oil soars more than 5% on signs of fading US output Crude Price Surges Near $40 a Barrel Oil prices jump 6 percent on US stockpile draws, Keystone |