Oil prices rose about 4% Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in U.S. oil inventories. Brent crude futures gained $2.53, or 3.7%, to $71.88 a barrel by 10:48 a.m. EDT (1448 GMT). U.S. West Texas Intermediate (WTI) crude futures rose $2.69, or 4%, to $69.89 a barrel. Futures are rebounding after dropping around 7% on Monday, following a deal by the Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, to boost supply by 400,000 barrels per day from August through December. The sell-off ... (full story)