Oil rebounds, gains 1% after US crude draw, lukewarm inflation data
Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced bullish U.S. economic and crude storage data against the International Energy Agency's (IEA) forecast for weaker global oil demand growth.
![Oil rebounds, gains 1% after US crude draw, lukewarm inflation data](https://www.reuters.com/resizer/v2/3LKG2IR7SZI4VMUZNMPRDDQBYY.jpg?auth=d1bb9539c1b7cf322bc21e72a359c68ac76f1a70e0ee47f0e168db323b126067&height=1005&width=1920&quality=80&smart=true#)
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Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced bullish U.S. economic and crude storage data against the International Energy Agency's (IEA) forecast for weaker global oil demand growth.