Oil rises on expected U.S. crude stocks draw

20 December 2016, London — Oil prices edged higher on Tuesday on forecasts of a steep draw in U.S. crude oil stocks that could indicate a global oversupply is starting to shrink. Benchmark Brent crude oil futures LCOc1 were trading up 54 cents at $55.46 a barrel at 1124 GMT. U.S. West Texas Intermediate (WTI) […] More »