CNBC | US oil ends 94 cents higher, at $49.56, as stockpiles fall CNBC Oil prices were higher on Wednesday after the U.S. government reported a larger-than-expected drop in crude stocks, but profit-taking kept prices below the $50-a-barrel level. The U.S. Energy Information Administration said crude inventories fell 4.2 ... Oil up but backs off $50 target; profit-taking after US drawdown Oil holds ground at 7-month high as US supplies drop Oil Rises After Report Shows U.S. Crude Supply, Output Decline |