CNBC | US oil closes 12 cents lower as Fed minutes send dollar higher CNBC U.S. West Texas Intermediate crude futures rose 1 cent to $48.32 a barrel by 2:07 p.m. EDT (1807 GMT). The session high was $48.95, its highest since mid-October. International Brent crude was down 21 cents at $49.07 a barrel. It reached $49.85 earlier ... Oil advances on US refined fuel drawdown; Brent near $50 per barrel Can Supply Outages Drive Oil To $50? Fracking will provide a buffer for consumers as oil price rises |