Oil up on falling U.S. inventories, Saudi cuts to Asia

11 May 2017, London — Oil prices rose on Thursday, with benchmark Brent crude trading comfortably above $50 a barrel after a fall in U.S. inventories and a bigger-than-expected cut in Saudi supplies to Asia helped tightened the market. Brent LCOc1 was 70 cents higher at $50.92 a barrel by 0945 GMT. U.S. light crude […] More »