Oil futures gained on Wednesday, a day after posting their lowest settlement in almost six months. With a weekly draw in U.S. crude supplies reported by the Energy Information Administration on Wednesday and the recent selloff in oil, prices may stabilize at current levels, said Tariq Zahir, managing member at Tyche Capital Advisors. January West Texas Intermediate crude
CLF24,
rose 86 cents, or nearly 1.3%, to settle at $69.47 a barrel on the New York Mercantile Exchange.
