Wall Street Journal | Oil Hits Seven-Month High as US Stockpiles, Output Fall Wall Street Journal Oil prices hit new 2016 highs on Wednesday, after the Energy Department reported continued declines in U.S. crude inventories and production last week. U.S. inventories are closely watched by traders as the first indicator of the global supply-and ... US crude oil price hits 7-month high as inventories fall Oil prices near $50 per barrel Oil rally continues |