A worker uses machinery to handle oil pipes at the turntable on a drilling rig (Photographer: Andrey Rudakov/Bloomberg)

Oil Surges as Report of U.S. Drawdown Adds to Supply Pressures

(Bloomberg) -- Oil extended its gains as a report of a sharp drop in U.S. crude stockpiles added to Middle East tensions already raising the prospect of strained supplies.

Bloomberg Quint

Add BloombergQuint App to Home screen.