CNBC | Oil extends gains as US crude stockpiles fall by 5.2 million barrels CNBC Oil prices rose more than 1 percent on Wednesday in anticipation of a possible drawdown in U.S. crude stocks last week and on Russian remarks about market coordination with Saudi Arabia. The American Petroleum Institute (API), a trade group, reported ... Oil up in anticipation of possible US crude draw Saudi Minister Sees End of Oil-Price Slump Don't Expect Russia To Cut Oil Production Voluntarily |