The Globe and Mail | Oil rises more than $1 as Saudi Arabia targets $100 a barrel The Globe and Mail Oil extended gains on Wednesday, rising more than $1 on a reported decline in U.S. crude inventories and after sources signalled top exporter Saudi Arabia wants to see the crude price closer to $100 a barrel. Top oil exporter Saudi Arabia would be ... Oil Rises to Highest Since 2014 on Bullish US Inventory Report Oil prices edge up on lower US crude inventories, global supply risks Oil gains after drop in US inventories adds to supply concerns |