Oil rises 2% after U.S. inventory data, Russian assurances

NEW YORK (Reuters) - Oil prices rose more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced. Brent crude futures were up $1.42, or 2.3%, to $62.33 a barrel by 11:11 a.m. EST (1611 GMT), while West Texas Intermediate crude futures gained $1.41, or 2.6%, to $56.62 a barrel.U.S. crude oil stocks grew by 1.4 million barrels last week, the Energy Information..