Oil jumps above $70 on optimism demand to recover

Oil falls to near $82 as US crude supplies rise
Oil prices fell to near $82 a barrel Wednesday in Asia after a report showing a surge in U.S. crude supplies undermined optimism that demand is improving.

Oil rises to near $82, extending Friday's gains
Oil prices rose to near $82 a barrel Monday in Asia, extending gains from Friday amid signs the global economy may be improving.

Oil prices climb above $74 on recovery hopes
Oil prices climbed above $74 a barrel Monday in Asia amid spreading optimism about a global economic recovery.

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