Tue, 14 Aug 2012 09:22:29 GMT
Oil gains on speculation U.S. inventories dropped
Oil rose, cutting two days of falling, amid speculation stockpiles decreased last week in the U.S., the world's major crude consumer. On Tuesday, futures climbed 0.6% before tomorrow's report expected to show U.S. crude and fuel inventories dropped for a third week as refiners traded near the five-year high rates. September-delivery oil rose 55 cents to $93.28 per barrel.