Oil prices rise after report shows drop in U.S. stocks

23 February 2017, London — Oil prices rose on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. Benchmark Brent crude oil LCOc1 was up 70 cents a barrel at $56.54 by 0855 GMT (3:55 a.m. ET), recovering from […] More »