• Oil notched its largest gain in more than two weeks on Wednesday, after weekly data showed a sizable drop in U.S. crude inventories and on renewed confidence a U.S.-China trade deal could occur soon. • West Texas Intermediate futures, the U.S. oil benchmark, ended 1.2% higher at $62.12 a barrel on the New York Mercantile Exchange, its largest one-day increase since April 22.

Source: Wall Street Journal May 08, 2019 15:57 UTC