Oil rises 2% on plunging US crude stocks

Drawdown is first in five consecutive weeks of buildups

Oil price: US crude futures settled at $56.94 a barrel, up $1.44, or 2.6%, the biggest daily percentage rise in nearly four weeks — Oil price: US crude futures settled at $56.94 a barrel, up $1.44, or 2.6%, the biggest daily percentage rise in nearly four weeksPhoto: REUTERS/SCANPIX

Reuters

Production Donald Trump Khalid al-Falih Americas North America

Published 27 February 2019, 23:55Updated 27 February 2019, 23:55