Oil prices rose Wednesday, snapping a week-long losing streak, as a drop in U.S. stockpiles supported a rally from Tuesday’s three-month lows. Light, sweet crude for April delivery settled up $1.14, or 2.4%, at $48.86 a barrel on the New York Mercantile Exchange. That is its biggest one-day gain since Jan. 11. Brent crude, the global benchmark, gained 89 cents, or 1.7%, to $51.81 a barrel on ICE Futures Europe. Crude levels in…