An oil barrel stands in spill at a Petroleos de Venezuela SA (PDVSA) facility in the Orinoco Belt of El Tigre, Venezuela. (Photographer: Bloomberg)

Oil Rides to 7-Week High on Gulf Storm, Tightening U.S. Supply

(Bloomberg) -- Oil rode a tide of bullish news to its highest price in almost two months as a potential hurricane roiled the Gulf of Mexico and U.S. crude inventories dropped.

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