Mubasher: Oil futures settled higher on Wednesday, marking highest finish in seven weeks.
August Nymex WTI rose $2.6, or 4.5%, to close at $60.43 per barrel.
The Energy Information Administration (EIA) revealed that US crude oil stockpiles fell by 9.5 million barrels to 459 million barrels in the week ended 5 July.
Source:
Mubasher