Oil gains on U.S. inventory drawdown, Gulf of Mexico storm

London — Oil prices rose 2.5% on Wednesday after industry data showed U.S. inventories fell more than expected and as major U.S. producers evacuated rigs in the Gulf of Mexico before a storm. U.S. West Texas Intermediate (WTI) crude futures climbed $1.58 to $59.41 by 1326 GMT, after hitting a session high of $59.53. Brent […] More »