West Texas Intermediate crude surged the most in five weeks as U.S. gasoline demand rose to the highest level since July, trimming fuel inventories. Futures jumped after the Energy Information Administration reported that consumption of the motor fuel climbed 2.6 percent last week and gasoline supplies decreased 3.76 million, more than nine times the 400,000-barrel drop forecast by analysts in a Bloomberg survey. Crude inventories increased for a seventh week, extending the longest stretch of gains since March. “The shocker number is the draw in gasoline,” said Rich Ilczyszyn, chief market strategist and founder of Iitrader.com in Chicago . “Demand is picking up, and it’s supportive for the market. The market is definitely responding to the products numbers. Crude oil is oversold.” WTI for December delivery rose $1.43, or 1.5 percent, to settle at $94.80 a barrel on the New York Mercantile Exchange , the biggest one-day advance since […]