U.S. oil production surged Movement.up.gain to a 46-year record in October .

Crude oil futures surged Movement.up.gain on Tuesday on signs of cratering Movement.down.loss U.S. oil output , distress Slow.weak in the dollar and clashes Geopolitical.tension in the West , particularly Russia .

Investing.com - Oil futures surged Movement.up.gain back above $ 50 on Monday as investors looked ahead to a meeting between OPEC and non-OPEC producers this weekend to finalize the details of a planned production reduction Cause.movement.down.loss .

China 's yuan-denominated crude-oil futures surged Movement.up.gain on their long-awaited debut Monday , indicating positive sentiment toward the new market , which Beijing hopes will eventually give the country an oil benchmark to rival those in the U.S. and Europe .

LONDON ( Reuters ) - Brent crude oil surged Movement.up.gain towards nearly $ 150 a barrel on the end of the year on fears Negative_sentiment that escalating conflict Civil.unrest in Iran could curb Cause.movement.down.loss oil supplies from the major OPEC exporter .