Oil settled higher on US crude inventories report

International benchmarks for crude oil settled higher on Wednesday, 22 September 2021 following a report from the EIA that showed a 3.5 million barrels draw in US crude inventories last week, signaling the recovering demand condition after Hurricane Ida.

Brent jumped $1.83 or 2.5% to $76.19/barrel.

WTI settled up $1.74 or 2.5% at $72.23/barrel.