Oil markets were volatile on Wednesday with major price benchmarks diverging as investors weighed a weaker dollar against expectations that U.S. oil supplies will hit a fresh record. Brent crude for delivery in May rose 0.6% to $55.42 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, light, sweet crude futures traded at $47.43 a barrel, down 0.2% from Tuesday’s settlement. Investors were awaiting the latest data from the U.S. Energy Information Administration that is expected to show another large build in oil inventories last week. Inventories in the U.S. are already running at an 80-year high and analysts polled by The Wall Street Journal forecast another gain of 5.6 million barrels. Late […]