CBC.caOil price up 4% to $47 as EIA shows crude inventories finally droppingCBC.caThe oil market has been massively oversupplied for months as U.S. shale producers flooded the market with new product in a time when the global economy is slowing. That has d …

Wall Street JournalUPDATE 11-Oil up 3rd day on dollar slump, US crude draw dataReutersNEW YORK, June 18 (Reuters) - Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this w …