Brent crude rose toward $57 a barrel on Wednesday, rebounding after hitting a one-month low as a surprise drop in U.S. oil stocks overshadowed a rally in the dollar and global oversupply. Brent for April delivery hit a one-month low of $55.92 a barrel before recovering to trade up 12 cents at $56.51 a barrel by 10:23 a.m. EDT (1423 GMT). It dropped $2.14, or 3.66 percent, in the previous session. West Texas Intermediate for April delivery fell 20 cents to $48.09 a barrel, after falling $1.71, or 3.42 percent, on Tuesday. Read More Did lower oil prices help the economy at all? Oil earlier took some support from American Petroleum[…]cnbc.com
