05-10-2016 21:55 via uk.news.yahoo.com

Oil up 2 pct to June highs after another U.S. crude draw

By Barani Krishnan NEW YORK (Reuters) - Oil prices settled up about 2 percent on Wednesday, hitting their highest since June, after the fifth unexpected weekly drawdown in U.S. crude inventories added to support on hopes that major producers will agree to cut output next month. The U.S. Energy Information Administration (EIA) said crude stockpiles fell 3 million barrels last week, opposite of forecasts of analysts polled by Reuters for a build of 2.6 million barrels. Since the beginning of Septe
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