
Oil Jumps as Surprise U.S. Supply Drop Dispels Shale Boom Fears
From Bloomberg Oil surged to the highest in two weeks as American supplies unexpectedly shrank and exports surged, dispelling fears that a new shale boom will leave the country awash in crude. Futures advanced 1.8 percent in New York after a government report showed U.S. crude stockpiles slid 1.62 million barrels last week, the largest draw in five weeks. That

