Oil Rally Continues On Bright U.S. Economic Data

Oil prices rose early on Wednesday, driven by brighter economic prospects for the United States and continued recovery in oil demand in America and elsewhere in the world. As of 9:04 a.m. EDT on Wednesday, ahead of the weekly inventory report by the U.S. Energy Information Administration (EIA), WTI Crude was up 1.04 percent at $73.61, and Brent Crude traded at $75.54, up by 0.99 percent on the day.   Prices found support late on Tuesday after the American Petroleum Institute (API) reported a draw in crude oil inventories of 7.199 million barrels…