MONEY (MSM)

Oil prices jump on U.S. stock draw, easing production

Oil prices rose on Wednesday after U.S. government data confirmed a big weekly drawdown in crude inventories and on signs that U.S. oil production growth was leveling off after several years of sharp increases. The U.S. government’s Energy Information Administration (EIA) said on Wednesday that U.S. crude oil stocks fell 6.81 million barrels to 470.6 million last week, much more than a forecast drawdown of 1.72 million barrels. The data