U.S. oil prices rose on Wednesday after weekly data showed that inventories at a key storage hub increased less than expected. Light, sweet oil for April delivery settled up $1.01, or 2%, at $51.53 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, settled lower as concerns ebbed that violence in Libya would immediately halt production. Front-month futures fell 47 cents, or 0.8%, to $60.55 a barrel on ICE Futures Europe. U.S. crude stockpiles rose by 10.3 million barrels to 444.4 million barrels in the week ended Feb. 27, the Energy Information Administration said Wednesday. Analysts surveyed by The Wall Street Journal had predicted a 4.6 million-barrel increase. The gain was the biggest for a single week since March 2001. However, supplies in Cushing, Okla., the delivery point for the Nymex contract, […]