Oil Surges on Shrinking U.S. Stocks and Dollar Dip

Oil futures rallied on Wednesday, spurred by a surprising drop in U.S. inventories and a weaker dollar. The uptick solidified late in the day, lifting the market mood. West Texas Intermediate (WTI) for August jumped 1.29%, closing at $83.88 per barrel on the New York Mercantile Exchange. Similarly, September’s Brent crude rose 1.28% to $87.34 […]