RTRS:UPDATE 2-Oil surges on US debt talks; awaits EIA data
* API data shows US crude stocks down 5.2 mln bbls
* IEA has not yet decided on further release of stocks
* Goldman stumbles on commodities, takes on more risk
* Coming up: EIA oil inventory data, 1430 GMT
By Randy Fabi
SINGAPORE, July 20 (Reuters) - Oil prices rose more than a dollar on Wednesday, supported by hopes of a U.S. debt deal and tightening crude stocks in the world's largest oil consumer.
Brent crude climbed $1.08 to $118.14 a barrel by 0649 GMT, adding to gains of more than a dollar in the previous session. U.S. crude for August delivery, which expires at the end of trading on Wednesday, jumped $1.09 to $98.59 a barrel.
"Any positive news on either the U.S. debt ceiling and the Greek second bailout will push up the market," said Tony Nunan, a risk manager with Tokyo-based Mitsubishi Corp.
"Traders are just waiting for some confirmation that things are progressing so they can put these two economic issues behind them."
