NEW YORK (Dow Jones)--Crude futures jumped Wednesday, as a large drop in gasoline inventories sparked a rally that was then fueled by a weakening dollar.
Light, sweet crude for December delivery recently traded 59 cents, or 0.8%, higher at $79.71 a barrel on the New York Mercantile Exchange. November futures expired Tuesday at $79.09 a barrel. Brent crude on the ICE futures exchange traded 57 cents higher at $77.81 a barrel.
Government oil and fuel inventory data came in close to analyst expectations, a relief to traders after ...
