Reuters | Oil up 4 percent; gasoline adds fuel to rally on Libya, Brazil Reuters The rebound, after a 1 percent drop in crude prices on Tuesday, came ahead of industry group American Petroleum Institute's (API) data on U.S. oil inventories, which were expected to a build in crude stockpiles. "If you look at the supply situation ... UPDATE 7-Oil rises back to near $50 on Brazil strike Oil Prices Fall Chinese Oil Demand To Moderate, At Best |