Reuters | Oil rises 2 percent amid expected draw in US crude inventories Reuters Oil companies likely drew down inventories in the final week of the year for tax-related reasons, which could lead prices to spike after the government's inventory data is released on Thursday at 11 a.m. (1600 GMT). Both benchmarks recovered some ... Oil Rises on Declining Stocks, Falling Dollar US crude settles at $53.26, up 1.8%, on expected drop in US stockpiles The Oil Trade That Shows Where OPEC's Cuts Are Starting to Bite |