U.S. oil prices jumped to a new 2016 high Wednesday as weekly inventory data showed a surprise drop in domestic crude stockpiles. Light, sweet crude for June delivery settled up $1.57, or 3.5%, at $46.23 a barrel on the New York Mercantile Exchange, the highest mark since Nov. 4. Brent, the global benchmark, rose $2.08, or 4.6%, to $47.60 a barrel on ICE Futures Europe. Both benchmarks had been down ahead of the weekly inventory report. U.S. crude-oil stockpiles dropped by 3.4 million barrels in the week ended May 6, the Energy Information Administration said Wednesday. Analysts surveyed by The Wall Street Journal had expected a 400,000-barrel increase. U.S. stockpiles of crude oil still stand near the highest level in more than 80 years, evidence of the global glut of crude oil that has weighed on prices since mid-2014. But “the market sentiment has definitely shifted” away from worries […]