The U.S. and global oil-price benchmarks diverged Monday, as the U.S. market rose on supply expectations at a key storage hub while concerns about a continued oversupply weighed on global prices. Light, sweet crude for April delivery settled up 39 cents, or 0.8%, at $50 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.20, or 2%, to $58.53 a barrel on ICE Futures Europe. Data service Genscape Inc. reported Monday that oil stockpiles in Cushing, Okla., rose by 1.7 million barrels between Feb. 27 and March 6, according to two industry sources, with most of the increase in the first part of that week. Genscape’s numbers were “a lot lower than everybody expected,” said Carl Larry, director of oil and gas at Frost & Sullivan. “It looks like we’re seeing a lot more crude being pushed down from Cushing to the Gulf Coast,” where […]