U.S. crude oil prices continued to add to the previous day’s gains Wednesday, with West Texas Intermediate (WTI) futures trading at $48.37 a barrel at 3:44 a.m. EDT. Oil prices, long pummeled by a massive global glut, have been showing signs of recovery in recent weeks on the back of sustained demand, unexpected disruptions in output, and expectations of a drop in U.S. crude stockpiles.
