CNBC | Oil settles higher after ninth weekly US crude drawdown CNBC Oil prices are up nearly 75 percent since hitting 12-year lows of around $27 for Brent and about $26 for WTI in the first quarter. The rally stalled after the two benchmarks breached the $50 psychological barrier in May amid worries that higher prices ... Oil prices up after ninth weekly US crude drawdown Oil Edges Lower Ahead of U.S. Crude Inventory Data Oil Markets Panic After EIA Reports Surging Gasoline Inventories |