Oil rises, reversing course after nearing 11-year lows

By Barani Krishnan and Jessica Resnick-Ault NEW YORK (Reuters) - U.S. crude rose more than 2 percent Monday, recovering slightly after moving within a hair of 11-year lows, as record short-interest led to technical covering on fears that the market declined too quickly. Early in the day, both Brent and U.S. crude futures fell by as much as 4 percent to their lowest levels since the start of the 2008 financial crisis, before paring losses on some short-covering. Again Capital partner John Kilduff