NEW YORK (MarketWatch) -- Crude oil futures jumped on Wednesday, after the Energy Information Administration reported a bigger-than-expected drawdown of 4.7 million barrels in U.S. stockpiles in the week ended Sept.11. Analysts surveyed by Platts expect crude-oil inventories to have fallen by 3.0 million barrels in the week ended Sept. 11. Crude oil for October delivery rose nearly 1% to reach a high of $71.73 a barrel immediately after the data. It last gained 51 cents, or 0.7%, to $71.44 a barrel. Crude came under pressure earlier after the American Petroleum Institute, an industry group, reported late Tuesday that crude inventories rose by 631,000 barrels in the latest week.
