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