U.S. benchmark oil futures rallied Wednesday after a U.S. government report revealed a drop of 9.9 million barrels in last week's crude supplies-the largest weekly decline of the year so far. Traders were also concerned about further tightness in global supplies linked to U.S. sanctions on Iranian oil. August West Texas Intermediate crude jumped $2.23, or 3.2%, to settle at $72.76 a barrel on the New York Mercantile Exchange. That was the highest finish for a most-active contract since Nov. 26, 2014, according to FactSet data.