Oil rose for a third day as a bullish US stockpile report propelled a rally led by Saudi Arabia’s warning to short sellers. West Texas Intermediate futures settled above $74 a barrel, closing Wednesday at the highest level since early May. Saudi Arabian Energy Minister Prince Abdulaziz bin Salman told speculators earlier this week to “watch out,” which some interpreted as a signal that OPEC and its allies may be considering another output cut ahead of its meeting next week. Meanwhile, US crude inventories fell the most since November, a government report showed. However, the continuing standoff over debt ceiling ... (full story)