Oil spikes on surprise cuts to U.S. oil productionReuters today..... Oil prices surged more than 5 percent Monday, continuing a three-day rally that has erased August's price declines, after U.S. oil production data showed output falling and OPEC said it would talk with other producers about low prices. Crude futures rebounded after retreating early Monday, spiking as new U.S. government figures indicated production was lower than initially reported for the first half of the year. etc.