Oil is rising after US inventories fall more than expected

Oil futures are rising after US oil inventories dropped more than expected. The price of West Texas Intermediate crude oil futures rose slightly Wednesday morning, about 0.48% to $43.70. The US crude oil inventories fell 2.451 million barrels, compared to the 2.106 million expected, according to the Energy Information Administration. This was a slight relief for investors. Oil prices have been plummeting on a steady drone of supply increases across the globe. The price of oil hit a 7-month low T...