Reuters | Oil rises on reported US crude inventory draw, expected OPEC cut Reuters SINGAPORE Oil prices rose over 1 percent on Wednesday, lifted by a report of falling U.S. crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish ... Frackers profit from shifting fortunes in the oil price war US oil settles up 35 cents, or 0.7%, at $50.29 as traders await crude stock data Oil Seen Stuck in $50 to $60 Range as Shale Blunts OPEC Action |