WTI crude futures rose more than 2% to trade around $39.3 a barrel on Wednesday, as more than 25% of US offshore oil and gas production closed and export ports were shut as category 2 Hurricane Sally sat just off the US Gulf Coast. Supporting prices further were latest report from the API which showed US crude oil stockpiles fell by 9.5 million barrels last week, compared with market expectations of an increase of 1.3 million barrels. Investors now await the EIA report due later in the day.
