Wall Street Journal | Oil Prices Rise as OPEC Complies With Production Cuts Wall Street Journal Oil prices picked up in early European trading on optimism about a global supply reduction, even as investors remain concerned about burgeoning production in the U.S. and elsewhere. Brent crude, the global oil benchmark, rose 1.0% to $56.21 a barrel on ... US crude settles at $53, up 1.3%, as drop in gasoline stockpiles signals higher demand Oil books a 2nd day of gains on signs of US gasoline demand Oil prices stable on strong Chinese imports, OPEC-led production cuts |