- Oil prices surged on Wednesday.
- Also contributing to the surge in oil prices was a U.S. dollar giving up some of its recent gains and some 11% of output shuttered in the Gulf of Mexico as Hurricane Ian made its way toward the Florida coast.
- Earlier on Wednesday, the EIA reported a crude oil inventory draw of 200,000 barrels for the week to September 23.
Oil Jumps 4% On Inventory Draw, Hurricane Outages
