Wall Street Journal | Oil Prices Reach Fresh High for 2016 Wall Street Journal LONDON—Oil prices reached a fresh year's high on Wednesday, with U.S. prices breaking above $45 for the first time since November following data that showed a surprise fall in U.S. oil inventories. Brent crude, the global oil benchmark, rose 2.4% to ... Oil hits 2016 high, led by falling output and weaker dollar Oil prices add to rally on signs that glut is dwindling Oil is at 2016 highs as the industry's supply and demand problem finally starts to rebalance |