21-09-2016 20:52 via uk.news.yahoo.com

Oil jumps after third surprise weekly U.S. crude draw

By Barani Krishnan NEW YORK (Reuters) - Oil prices rose up as much as 3 percent on Wednesday after a third surprise weekly drop in U.S. crude stockpiles helped assuage fears over a global oil glut. A weaker dollar after the Federal Reserve's decision to leave U.S. interest rates unchanged and an oil workers' strike in Norway that threatened to cut North Sea crude output further boosted oil. U.S. West Texas Intermediate (WTI) crude futures rose $1.29, or 2.9 percent, to settle at $45.34.
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