Wall Street Journal | Oil Prices Hover Near 17-Month High Wall Street Journal Oil prices were steady Thursday, trading just below the 17-month high hit earlier this week, with sentiment upbeat because major oil producers are expected to reduce output from January. Brent crude, the global oil benchmark, was unchanged at $56.46 a ... The Oil Trade That Shows Where OPEC's Cuts Are Starting to Bite Oil rises 2 percent amid expected draw in US crude inventories US crude settles at $53.26, up 1.8%, on expected drop in US stockpiles |