Futures settles higher after US crude dr

摘要

New York—NYMEX September crude settled 73 cents higher at $103.12/barrel Wednesday following a larger-than-expected draw in US crude stocks last week. ICE September Brent settled up 70 cents at $108.03/b. US commercial crude stocks fell 3.97 million barrels to 371.07 million barrels for the reporting week ended July 18, US Energy Information Administration oil data showed. Analysts surveyed Monday by Platts had been expecting a 2.6 million-barrel draw. Steady refinery runs, amid no real rebound in imports, likely contributed to the draw in crude stocks, which was well-distributed across much of the US.