08-06-2016 04:10 via uk.news.yahoo.com

Oil hovers near 8-month highs on U.S. inventory draw

By Osamu Tsukimori TOKYO (Reuters) - Oil prices stood steady near their highest level in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in U.S. crude inventories and by worries about attacks on Nigeria's oil industry. London Brent crude for August delivery was unchanged at $51.44 a barrel by 0151 GMT, after settling up 89 cents on Tuesday. U.S. commercial crude inventories fell by 3.6 million barrels last week, data from industry group American P
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