Oil pump jacks work in unison on a foggy morning in Williston, N.D.
Oil pump jacks work in unison on a foggy morning in Williston, N.D. Eric Gay AP
Oil pump jacks work in unison on a foggy morning in Williston, N.D. Eric Gay AP

Oil surges above $53 a barrel as more companies cut production

February 03, 2015 02:34 PM