Oil rises on supply disruptions, large U.S. crude stock drawdown

Oil rises on supply disruptions, large U.S. crude stock drawdown
Oil rises on supply disruptions, large U.S. crude stock drawdown
NEW YORK (Reuters) – Oil rose on Tuesday, supported by a larger-than expected U.S. stock draw and supply concerns in Norway and Libya, though gains were tempered by the United States’ indication that it would consider requests for waivers from Iranian oil sanctions. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File PhotoBrent crude futures LCOc1 gained 79 cents to settle at .86 per barrel. Earlier, the global benchmark hit a se…
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Oil rises on supply disruptions, large U.S. crude stock drawdown