Oil Up Over Massive Crude Oil Inventory Draw, But Fuel Demand Fears Remain BY TRADELINECOMMODITY.COM CALL/WHATSAPP KHUSHBU GARG 9719098555/8057445599 www.tradelinecommodity.com

Oil was up on Wednesday morning in Asia after the American Petroleum Institute (API) recorded a massive draw in U.S. crude oil inventories, but production disruptions in the Gulf of Mexico due to a hurricane ended the black liquid’s gains from the previous session.

Brent oil futures rose 1.55% to $41.16 by 11:57 PM ET (4:57 AM GMT), surpassing the $40-mark. WTI futures jumped 1.83% to $38.98. Both benchmarks rose by more than 2% during the previous session,

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