Reuters UKOil prices rally above $53 as investors pile inReuters UKBoth contracts rallied about 8 percent on Friday, fuelled by month-end short-covering and a record weekly drop in the number of U.S. oil rigs employed, according to industry data from Baker …

Crude oil is rallying againBusiness InsiderCrude oil is rallying again to start the week. Near the open of US trade on Monday, the price of West Texas Intermediate crude oil was up more than 2% to around $49.30 a barrel, while Brent crude was up more than …