U.S. crude futures rose nearly 2 percent on Wednesday, supported by a drop in domestic inventories, while Brent edged down ahead of an OPEC meeting later this week that may result in increased global production. U.S. crude inventories USOILC=ECI fell 5.9 million barrels last week, the largest one-week decline since January, the Energy Information Administration said on Wednesday. Refinery crude runs rose to 17.7 million barrels per day, the highest on record for this time of year, the EIA data showed. “Today’s EIA report appeared unequivocally bullish to WTI given a much larger than expected crude stock draw of almost six million barrels that was more than double our anticipated increase,” Jim Ritterbusch, president of Ritterbusch and Associates in […]