Oil Climbs the Most in Two Months on U.S. Crude Output Decline
Crude Oil Inventories Rise 4.77M Barrels
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Oil advanced the most in two months in New York after a government report showed that U.S. crude output dropped from the highest level in more than three decades.
Production dropped 36,000 barrels a day to 9.39 million last week, the first decline since January, according to the Energy Information Administration. That’s down from 9.42 million on March 20, the most in weekly estimates that started in January 1983.