By Adedapo Adesanya Oil traded higher on Wednesday after data showed US crude stockpiles fell last week while a stronger Dollar capped gains, with Brent crude futures rising by 42 cents or 0.5 per cent to $83.58 a barrel and the US West Texas Intermediate (WTI) crude futures gaining 61 cents or 0.8 per cent to finish $78.99 a barrel. The US Energy Information Administration reported an inventory draw of 1.4 million barrels for the week to May 3 compared with a build of 7.3 million barrels estimated for the previous week that pressured prices last week. On Tuesday, the
Oil Gains on US Stockpiles Draw Amid Strong Dollar
