U.S. oil prices shot up to a one-year high after another week of draining stockpiles further convinced traders that a longstanding glut may be waning. U.S. crude storage levels have now fallen for six of the past seven weeks, the U.S. Energy Information Administration said Wednesday. Storage tanks had been filled to record highs world-wide this year, but the U.S. is just one spot where stockpiles have since retreated, a sign for bullish traders that daily supply shortages are starting to eat into that glut. Light, sweet crude for November delivery settled up $1.31, or 2.6%, at $51.60 a barrel on the New York Mercantile Exchange. U.S. oil nearly hit $52 a barrel and settled at its highest point since July 14, 2015. U.S. oil has now nearly doubled since the decade-low it hit in February and gained more than 30% from its lows of the summer less than […]