Oil soars 5 percent in biggest one-day gain since April

By Barani Krishnan NEW YORK (Reuters) - Oil prices surged 5 percent on Tuesday, the biggest daily gain since April, as investors' covering of short positions and a technical rebound helped lift the market off two-month lows. A rally in global equity markets to record highs added to the upbeat sentiment in oil, while the dollar fell, making greenback-denominated oil more attractive to holders of the euro and other currencies. [MKTS/GLOB] [.N] [USD/] Expectations were high, too, that trade data du