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