Oil Rises on Surprise Inventories Drop

Stock quotes in this article: USO , BP , CVX , XOM , COP  

Meanwhile, oil stocks were mostly trading higher, with Chevron (CVX Quote) adding 1.9% at $85.11, ConocoPhillips (COP Quote) climbing 2% at $81.59, and Exxon Mobil (XOM Quote) trading up 1.5% at $78.03. BP (BP Quote), however, was falling 1.2% at $59.44.

The U.S. Oil Fund (USO Quote), an exchange-traded fund that closely tracks the performance of WTI futures contracts, was recently gaining 2.1% at $93.52.
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