Oil Rises With Shrinking U.S. Stockpiles Allaying Fears of Glut

Oil Surges With High Hopes Ahead of Federal Reserve Meeting
Oil storage tanks at the Marathon Petroleum oil refinery in Catlettsburg, Kentucky, U.S. (Photographer: Luke Sharrett/Bloomberg)

Oil Surges With High Hopes Ahead of Federal Reserve Meeting

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(Bloomberg) -- Oil extended gains above $40 a barrel in New York as shrinking crude stockpiles and speculation that the Federal Reserve will keep interest rates low raised hopes that an economy rav...