Oil Hits 4.5% In Six-Week As Storm Builds In Gulf Of Mexico
LAGOS JULY 11TH (NEWSRANGERS)-Oil prices rose 4.5% a barrel on Wednesday to their highest level in more than a month after U.S. crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm. Brent crude futures settled at $67.01 a barrel, up $2.85, or…