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Oil jumps 1.8%, settling at $71.12, after 5th weekly drop in US crude stockpiles - CNBC
CNBC | Oil jumps 1.8%, settling at $71.12, after 5th weekly drop in US crude stockpiles CNBC U.S. oil futures rose to a more than two-month high on Wednesday, bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand, amid ongoing supply concerns over U.S. sanctions on Iran that come into force in November. Oil Rises as American Refiners, Exporters Erode Stockpiles Trump Hit Iran With Oil Sanctions. So Far, They're Working. Oil holds just below $80, supported by supply concerns |
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