Oil surges 8 percent as U.S. rig count plunges, shorts scramble Prison Planet.com Posted on January 31, 2015 Posted in Aggregated No Comments Tagged with Money Watch Reuters | Oil prices roared back from six-year lows on Friday, rocketing more than 8 percent as a record weekly decline in U.S. oil drilling fueled a frenzy of short-covering. Share this:Share Share on Facebook (Opens in new window) Facebook Share on Reddit (Opens in new window) Reddit Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Email a link to a friend (Opens in new window) Email