Oil rose on Wednesday on reports of falling stockpiles and rising refinery activity in the United States, but analysts said a global supply glut would keep prices under pressure. Brent crude futures LCOc1 were up 65 cents at $44.22 per barrel by 0904 GMT after settling 99 cents lower the day before. U.S. crude futures CLc1 were up almost half a dollar at $41.13 a barrel. The American Petroleum Institute (API), an industry group, said on Tuesday that U.S. crude stockpiles fell last week by 482,000 barrels due partly to higher refinery runs. Official inventory data is due at 1530 GMT from the U.S. government’s Energy Information Administration (EIA). A poll of eight analysts predicted a crude stock build of 1.9 million barrels on average in the week ended Nov. 13 <EIA/S>. Despite the […]