Oil prices gained more than 1% in early trade on Wednesday, led by U.S. crude after an industry group reported that U.S. stockpiles fell for a fourth week in a row, alleviating concerns about oversupply. West Texas Intermediate (WTI) WTI futures Clc1 rose 90 cents, or 1.5%, to $58.73 by 0027 GMT. Brent LCOc1 was up 69 cents, or 1.1%, at $64.85. The U.S. and global benchmarks have risen this year as OPEC and big producers like Russia have honored commitments to cut production and support prices. But investors have been looking for signs that unrelenting production from the United States is being consumed, leading to ... (full story)