Oil Futures End 3.3% Higher After Drop In Gasoline Inventories

By MarketWatchMarketsMarketWatch Pulse

Oil futures ended sharply higher Wednesday, with the U.S. benchmark finishing back above $40 a barrel after government data showed a larger-than-expected drop in gasoline inventories last week. West Texas Intermediate crude for September delivery rose $1.32, or 3.3%, to close at $40.83 a barrel.

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