Reuters | Oil up to $50 as US stock-draw balances China data Reuters Although total U.S. oil inventories are near record highs, the draw suggests a rebalancing of the world's biggest domestic oil market is under way as oil production slows in the face of low prices. "We had a bigger drawdown in crude than expected ... Oil nears $50 as US stock-draw balances China data Oil Prices Rise on U.S. Inventory Decline Crude Oil Prices Fell despite the Falling Crude Oil Inventory |