Wall Street Journal | Oil Moves Higher on Hopes of Falling US Supply Wall Street Journal Oil prices are rising amid signs that U.S. oil producers are starting to make serious cutbacks in response to the dramatic slump in prices. The American Petroleum Institute reported a 3.1-million-barrel decline in U.S. commercial oil inventories in the ... US crude inventories drop by 2.1 million barrels Crude oil gains ahead of supply data Oil rises on US stockpile drawdown |