CNBC | Oil prices hold gains after US crude stocks fall by 5.3 million barrels CNBC The oil price rallied towards its highest level this year on Wednesday, after a drop in U.S. crude inventories and as the prospect of the loss of Iranian supply added to concerns over the delicate balance between consumption and production. Brent crude ... HSBC flags 'risk' of $100/b oil price spike as bank revises forecast Oil Prices Rise as Storms Approach US Coast Oil hovers near $80 a barrel as concern grows over global supply |