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Oil climbs on demand hopes after big drawdown in U.S. crude stocks

Por: CNBC Business November 02, 2022

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An aerial view of Phillips 66 oil refinery in the United States.Tayfun Coskun Anadolu Agency Getty ImagesOil prices rose in early trade on Wednesday after industry data showed a surprise drop in U.S. crude stockpiles, suggesting demand is holding up despite steep interest rate hikes dampening global growth. futures picked up 17 cents, or 0.1%, to $94.82 a barrel at 0014 GMT, while futures rose 26 cents, or 0.3%, to $88.63 a barrel.Both benchmark... + full article



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