MarketWatch | Oil extends advance as US stockpiles drop first time this year WorldOil (subscription) HONG KONG (Bloomberg) -- Oil extended gains above $49/bbl as U.S. government data showed an unexpected fall in crude stockpiles, the first decline this year. Futures rose as much as 1.6% in New York after advancing 2.4% on Wednesday, snapping a ... Oil slips back as US crude output remains a threat to rebalancing efforts Wall Street Keeps Faith in Oil Recovery Even as Prices Drop Crude Oil Probes Lower, But A Return To The Sweet Spot Could Be In The Cards |