Wall Street Journal (subscription) | Oil Prices Gain On Improving Market Signals Wall Street Journal (subscription) Oil prices rose Wednesday amid ongoing optimism that production cuts have shown some success in bringing down global inventories. Light, sweet crude for October delivery gained 89 cents, or 1.8%, to $50.37 a barrel on the New York Mercantile Exchange. Fundamentals turn positive; crude oil may hit $55 level soon Oil markets likely to get gloomy US stocks data - CNBC.com Oil set for best third quarter since 2004 |