Telegraph.co.uk | UPDATE 12-Oil up 3 pct in largest gain in 3 weeks; volatility threatens Reuters EIA cuts 2016 oil demand projections. * API numbers show crude stocks down 2 mln bbls last week (Adds API data, paragraph 10). By Barani Krishnan. NEW YORK, May 12 (Reuters) - Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar ... Opec revises up oil demand and cuts US supply forecast OPEC Seen by Kuwait More Unified on Oil Output as Prices Rise Oil price recovery: a challenge to maintain |