Oil up 2 percent after two-day drop; caution still on gasoline, Brexit

Oil prices rose almost 2 percent on Wednesday as robust U.S. economic data lifted crude futures from two days of declines, although a gasoline glut and woes from Britain's European Union exit suggested more pressure ahead. The data alleviated some concerns about the impact of Brexit on global growth, boosting share prices on Wall Street and crude futures, which were down about 5 percent in the past two days. U.S. crude futures gained 83 cents, or 1.8 percent, to settle at $47.43.