OIL FUTURES: Crude Gains After Fuel Stockpiles Decline - Wall Street Journal

NEW YORK (Dow Jones)--Oil futures posted gains Wednesday, supported by a move higher in gasoline futures after a government report showed falling U.S. gasoline supplies.

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Light, sweet crude for May delivery rose 86 cents, or 0.8%, to settle at $107.11 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange gained $1.96, or 1.6%, to $122.88 a barrel. Oil rose after the U.S. Department of Energy's weekly inventory report showed continued drops in fuel-product stockpiles. Gasoline stockpiles fell by 7 million barrels, ...

OIL FUTURES: Crude Gains After Fuel Stockpiles Decline - Wall Street Journal