Oil rises after US inventories draw, optimism of economic recovery


By Yuka Obayashi TOKYO (Reuters) - Crude oil futures rose on Wednesday after a more-than-expected draw in U.S. crude stockpiles and as solid U.S. factory data raised optimism of a post-pandemic economic recovery, boosting risk appetite among investors. Brent crude futures were up 33 cents at $45.91 a barrel as of 0034 GMT, extending gains into a third day.

U.S. West Texas Intermediate futures rose 33 cents to $43.09, following the previous day's gain by 15 cents. U.S. crude inventories fell by 6.4 million barrels in the.....

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