Oil rallies as steep U.S. gasoline stock draw overshadows crude build

New York — Oil prices rose on Wednesday after U.S. data showing a hefty drawdown in gasoline stocks overshadowed crude inventories rising to their highest levels in more than a year, and as sanctions and blackouts in Venezuela helped tighten global supply. International benchmark Brent futures rose 44 cents to $71.05 a barrels barrel by […] More »