Oil prices rise on expected drop in U.S. inventories

04 January 2017, London — Oil prices ticked higher on Wednesday on expectations that U.S. crude inventories are falling and signs that oil producers will stick to agreed output cuts that took effect this week. Global benchmark Brent crude futures LCOc1 were up 10 cents at $55.57 a barrel by 1110 GMT (6:10 a.m. ET). […] More »