Oil prices climbed higher today about 1% reversing some of yesterday’s losses. “Futures seem to be in a ‘tug of war’ with slowing demand for manufacturing, and lighter diesel demand, against expected production cuts coming from OPEC & Saudi,” said Dennis Kissler, senior vice president of trading at BOK Financial.US crude stocks fell by about 450K/bbls, vs a forecasted build of 1MM/bbls. Diesel industries had a much larger than anticipated build of 5.1MM/bbls while gasoline inventories also rose more than expected by 2.8MM/bbls. WTI traded up $.79 or 1.1% to close at $72.53. Brent traded up $.66 or .9% to close at $76.95.