Oil Advances as U.S. Output Falls Amid Slowing Stockpile Growth

March 17, 2016 12:52 AM

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Oil gained for a second day after climbing the most in more than three weeks as U.S. crude output fell and stockpiles increased less than forecast.

Futures advanced as much as 2.4 percent in New York after rising 5.8 percent Wednesday, the most since Feb. 22. Production slid to the lowest level since November 2014 and inventories expanded by 1.3 million barrels, the smallest reported gain in five weeks, according to government data. Supplies we...

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