Oil higher after data shows big U.S. inventory fall

MarketWatch | Jun 30, 2021 at 2:14 PM
  • Oil futures were higher Wednesday, boosted by industry data showing a large fall in U.S. crude stockpiles as traders awaited a decision this week by the Organization of the Petroleum Exporting Countries and its allies on whether to further ease production curbs.
  • WTI, the U.S. benchmark, was on track for an 11.4% second-quarter rise and was up nearly 25% for the year to date.