Oil rose the most in two weeks after U.S. stockpiles declined last week but futures ended the month down nearly 6% as flareups in coronavirus cases continue to cloud prospects for a demand recovery. Crude in New York climbed 2.4% on Wednesday after an Energy Information Administration report showed domestic crude inventories fell nearly 2 million barrels last week to the lowest level since April. U.S. crude pulled back from an earlier intraday high as optimism faded that lawmakers were making progress on passing new stimulus measures. “Crude oil stocks unexpectedly started to decline at a rapid rate once again,” said Bart Melek, head of global commodity strategy at TD Securities. “This, along with steadfast demand and a surprisingly large gasoline inventory decline” suggests that the market is very likely to put to rest much of the concern that […]