Crude oil prices rose sharply on Wednesday after data showing an unexpected drop in U.S. crude stockpiles in the week ended September 22 added to concerns about tightening supplies amid production cuts by OPEC and its allies.
West Texas Intermediate Crude oil futures for November climbed $3.29 or about 3.6% to settle at $93.68 a barrel, the highest settlement since August 29, 2022.
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