MarketWatch | Oil spikes, then pares gain as US supply drops, output climbs MarketWatch Oil futures spiked higher on Wednesday, then pared gains after a U.S. government report showed that crude supplies fell a sixth straight week, but domestic oil production edged higher. Crude's overall advance comes as the Organization of the Petroleum ... Crude oil inventories fall for a sixth straight week Oil futures extends rally in Asia on poor US crude, gasoline inventories UPDATE 7-Oil prices jump on US stock draw, easing production |