Reuters | Oil price up on US stock draws, demand outlook Reuters U.S. stockpiles of crude and gasoline fell last week, data from the Energy Information Administration (EIA) showed on Wednesday, bolstering sentiment in the U.S. market. [EIA/S]. Benchmark North Sea Brent crude oil LCOc1 was up 60 cents at $50.26 a ... Oil Prices Rise as Upbeat Demand Outlook Buoys Sentiment Oil demand at five-year high, supply glut keeps prices low: IEA Why China marks a 'turning point' for oil: JPMorgan |