Oil rises as forecasters see big draw in U.S. stocks

By David Gaffen NEW YORK (Reuters) - Oil prices rose on Tuesday, touching a one-week high on expectations of a steep draw in U.S. crude stocks, but edged off gains after Libya announced the reopening of pipelines after a two-year blockade ended recently. Benchmark Brent crude futures were up 40 cents, or 0.7 percent, at $55.32 a barrel at 1:29 p.m. EST (1829 GMT) after hitting an intraday high of $55.92. U.S. crude futures rose 30 cents to $52.42 a barrel.