CNBC | Oil prices jump on falling US fuel inventories, lower production outlook CNBC Oil prices rose more than 1.5 percent on Wednesday, extending gains from the previous day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged. Brent crude futures were up 76 cents, or 1.6 percent, at ... Oil extends gains after upbeat US production data EIA cuts US oil production forecast for 2018, remains at record Oil Prices Up In Asia As Inventories Drop In US |