Wall Street Journal | Oil Prices Close in on $50 a Barrel in US Wall Street Journal LONDON—Oil prices hit multiweek highs in London trading Wednesday, after data out of the U.S. showed a drawdown in crude stocks and an improved demand forecast, boosting investor appetite for the commodity after a prolonged slump in prices. On the ... Russia-Saudi oil cooperation is 'hogwash': Kilduff Oil rises as US production falls, stockpiles draw Crude oil inches closer to $50 a barrel on lower US production |