A spike in U.S. crude oil inventories and questions about Chinese economic recovery brought an end to a short-term rally in oil prices in Wednesday trading. Crude oil prices have moved higher in previous sessions in response to proposals from major producers Saudi Arabia, Russia and others to freeze their output of oil at January levels. Russian President Vladimir Putin told oil sector leaders this week in Moscow that finding some way to reinvigorate energy markets was a global priority . “We can all see how unstable the global hydrocarbon market is,” he said. A rally gained momentum Tuesday in response to the latest stimulus efforts underway in China. Moody’s Investors Service nevertheless said it changed its bond rating for the […]