Oil climbs after bigger-than-expected fall in U.S. stockpiles - Reuters:
Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast.
Brent crude futures LCOc1 rose 40 cents, or 0.6%, to $62.78 a barrel by 0643 GMT, while West Texas Intermediate (WTI) futures CLc1 were up 37 cents, or 0.6%, to $57.77 a barrel.
Prices had ended lower on Tuesday, squeezed by speculation of sanctions-hit Iranian crude returning to the market following U.S. President Donald Trump’s move to fire national security adviser John Bolton, a noted Iran policy hawk.
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