Oil rises on U.S. crude drawdown hopes, Wall Street rally

Oil prices rose on Tuesday as investors anticipated a weekly drawdown in U.S. crude inventories that they hoped would boost prices closer to $50 a barrel, while a rally on Wall Street also lent support. "We're gearing up on expectations that the wildfires in Canada may finally be showing up in U.S. crude inventory numbers," said Phil Flynn, analyst at the Price Futures Group in Chicago. Commercial crude stocks in the United States likely fell by around 2.5 million barrels to 538.8 million in the