Oil prices rose above $93 a barrel on Wednesday after Venezuela said it would stop selling crude to Exxon Mobil

Oil prices rose above $93 a barrel on Wednesday after Venezuela said it would stop selling crude to Exxon Mobil Corp due to an intensifying legal dispute over a nationalized oil project. Oil also received a boost from a U.S. government report showing a smaller-than-expected increase in crude stockpiles last week due to a slowdown in imports and an increase in domestic demand from refiners, traders said. U.S. crude futures rose 75 cents to $93.53 a barrel by 12:30 p.m. EST, while London Brent crude gained 71 cents to $93.57 a barrel.