CNBC | Oil prices advance on US refined fuel drawdown CNBC Oil prices rose about 1 percent on Wednesday, hitting new 2016 highs, as the market focused on large drawdowns in U.S. refined fuel inventories and ignored a surprise build in crude stockpiles. Brent and U.S. crude's West Texas Intermediate (WTI ... Oil advances on US refined fuel drawdown; Brent near $50 per barrel Can Supply Outages Drive Oil To $50? Oil Rises to Seven-Month High as Supply Losses Tame Surplus |