Oil futures turned higher Wednesday after a U.S. government snapshot of crude supplies revealed a larger-than-expected drawdown in crude stockpiles, the first in three weeks.
The market also digested news that the Organization of the Petroleum Exporting Countries and their allies will now hold their ministerial meetings on July 1 and July 2. They had previously been scheduled for June 25-26, but analysts said some producers wanted the meetings to follow the Group of 20 leaders summit held of June 28-29.
