Oil rises on US crude stock drawdown
Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in US crude stockpiles.
US West Texas Intermediate (WTI) crude rose 67 cents, or 0.7%, to $95.65 a barrel by 0009 GMT.
Brent crude futures rose 33 cents, or 0.3%, to $104.73 a barrel.
After settlement on Tuesday, industry group the American Petroleum Institute said crude stocks in the United States fell by 4 million barrels last week.
That is four times the 1 million barrel decline expected by analysts in a Reuters poll.
