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Oil Rises More On U.S. Crude Draw, Pares Gains On OPEC Doubt

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NEW YORK, Sept 22 (Reuters) - Oil prices rallied again on Thursday, boosted for a second day by U.S. government data that showed a surprising crude inventory drop, but crude futures pared gains as traders worried that OPEC was not nearing an agreement to reduce a global glut.

Oil prices got more support from the dollar's slide a day after the Federal Reserve kept U.S. interest rates unchanged.

U.S. West Texas Intermediate (WTI) crude futures settled up 98 cents, or 2.2 percent, at $46.32 a barrel. The session high for WTI was $46.52.

http://www.downstreamtoday.com/news/article.aspx?a_id=53622

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