Oil rises above $104 after US supplies drop

Oil rises above $104 after US supplies drop Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 06:49 a.m., Wednesday, April 25, 2012 LONDON (AP) — Oil prices rose above $104 a barrel Wednesday after a report showed U.S. crude supplies unexpectedly fell, suggesting demand may be improving, and.