Wall Street Journal | Oil Prices Rise on Reduced Oversupply Concerns, Fresh China Stimulus Wall Street Journal NEW YORK—Oil prices rose Monday on reduced concerns about high U.S. oil storage levels and fresh Chinese economic stimulus. Light, sweet crude for May delivery recently rose 89 cents, or 0.6%, to $56.63 a barrel on the New York Mercantile Exchange. War, hedge funds and China: why oil will hit $100 a barrel Oil falls on strong dollar and as Saudi output remains near record high China's reserve cut move boosts oil price |