Reuters | Oil hits highest since June on possible US inventory drop Reuters LONDON Oil prices rose towards $52 a barrel on Wednesday, hitting their highest level since June, supported by an industry report that U.S. inventories probably fell for a fifth straight week and OPEC's supply cut deal. The American Petroleum Institute ... Oil prices higher as investors look to Us inventory data US oil settles at $48.69 a barrel, down 12 cents, or 0.25% Could The Bottom Fall Out Of This Oil Rally? |