Reuters | Oil climbs after surprise drop in US crude inventories Reuters Oil took its cue from American Petroleum Institute (API) data which showed a 7.5 million barrel drop in U.S. crude inventories to 507.2 million barrels, almost twice the fall expected by analysts. "Oil's got its own pretty positive drivers at the ... Venezuela Wants Oil At $70 Per Barrel: 'Fat Chance' Oil Is Likely To Remain Below $50 A Barrel In The Near Future Oil lifted by hopes of deal to cap output, fall in US supply |