Oil rose toward $46 a barrel after shrugging off a massive increase in U.S. crude stockpiles on optimism that vaccine rollouts will lead to a swift improvement in global energy demand next year. (Bloomberg) — Oil rose toward $46 a barrel after shrugging off a massive increase in U.S. crude stockpiles on optimism that vaccine rollouts will lead to a swift improvement in global energy demand next year. The Energy Information Administration reported a 15.2 million barrel jump in American oil inventories, the second-biggest on record. While prices dropped on the data, they retraced most of their losses with some support from a falling dollar to close down just 0.2% on Wednesday. A militant attack on the Khabbaz field in Iraq had aided crude earlier in the session. Oil rose Thursday even as Asian stocks tracked Wall Street lower on the lack of U.S. stimulus. Canada became the latest […]