Financial PostUPDATE 9-Oil surges 8 pct as US rig count plunges, shorts scrambleReutersU.S. oil rig count dives by 94; down 24 pct from peak. * Rig count drop most in record going back to 1987. * Oil to fall more before mild recovery in second half-poll. * …

Reuters UKOil surges 8 percent as US rig count plunges, shorts coverReuters UKIn a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than $53 (35 pounds), its highest in more than thre …

Business InsiderUPDATE 6-Oil up on Iraq concerns but poised for record 7-month dropReutersOil to fall more before mild recovery in second half-poll. * OPEC increases January output to 30.37 bpd -survey (Recasts, updates trading, dateline, byline to U.S. se …