Reuters | Oil rises as Chinese output drops, US inventories shrink Reuters LONDON Oil rose by around 1 percent on Wednesday, boosted by evidence of declining production in China and falling U.S. inventories, while an upbeat OPEC statement on its planned output cut also supported the market. A slightly weaker dollar reinforced ... Oil prices rise on signs crude inventories likely fell last week Saudi's Falih says oil markets at end of downturn Oil Seen Stuck in $50 to $60 Range as Shale Blunts OPEC Action |