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Oil's Three Big Days Wipe Out a Month of Losses

  • Crude traded in New York surged 27 percent in three days
  • OPEC ready to talk to other producers to achieve ‘fair prices'
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Oil Down 2% After Best Three-Day Gain in 25 Years

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OPEC signaled that it might cut production in the future and the U.S. lowered output estimates, propelling oil back into a bull market less than a week after hitting a six-year low.

Prices surged 8.8 percent Monday in New York, capping the biggest three-day gain in 25 years.