Oil jumps 3% as steep US crude stocks draw adds to supply concerns

Oil prices surged 3% on Wednesday, after U.S. crude stocks fell more than expected, adding to worries of tight global supplies. Brent crude futures breached $97 a barrel, and were up $2.70 to $96.66 a barrel by 12:11 p.m. ET (1611 GMT). U.S. West Texas Intermediate crude futures (WTI) climbed…

#crude #cushing #oklahoma #andrewlipow #lipowoilassociates #saudiarabia #olehansen #saxobank #denniskissler #bokfinancial