Oil surges more than 4% as US inventories decline and storm hits production
NEW YORK: Oil prices jumped more than 4% on Wednesday, following a drop in US crude and gasoline inventories and when Hurricane Sally forced part of US offshore production to shut down. Brent rose $ 1.64, or 4.1%, to $ 42.17 a barrel at 12:51 a.m. EDT (1651 GMT), while U.S. crude rose $ 1.85, […]
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