(Bloomberg) -- Oil rose in New York after an industry report pointed to a decline in U.S. fuel and crude stockpiles, while the dollar erased gains.West Texas Intermediate futures added 1.2% to trade above $72 a barrel after slipping for a second session on Tuesday. The American Petroleum Institute reported a 6.23 million-barrel weekly drop in gasoline inventories, according to people familiar with the figures. That would be the biggest draw in motor fuel stockpiles since March if confirmed by go
With oil prices stabilizing in the $70s, midstream companies are staging an impressive recovery while maintaining their juicy dividends
Chevron's (CVX) cost-control moves are steadily impressive and are expected to have boosted its Q2 earnings and cash flows.