Oil jumped the most since early June as shrinking crude stockpiles and dovish signals from the Federal Reserve buttressed hopes for an economic recovery. Futures in New York surged 4.9% on Wednesday to the highest level in nearly two weeks after U.S. government data showed crude inventories fell over 4 million barrels last week to the lowest since April. Meanwhile, the Fed signaled it will keep interest rates near zero for at least three years to help the American economy recover from the coronavirus pandemic. Signs from the United Arab Emirates that it will make up for pumping too much oil in the past two months also boosted optimism over tightening supplies. Abu Dhabi National Oil Co., which produces almost all the UAE’s crude, has indicated to refiners and traders that reductions in oil shipments for October will continue through […]