Oil Rises To Two-Month High As Inventories Fall

Oil prices rose on Thursday to their highest levels since late July after U.S. crude stocks dropped to their lowest in three years and the broader market received more clarity about the Fed’s next policy moves. As of 10:52 a.m. EDT on Thursday, WTI Crude traded above $73 a barrel, up by 1.19% at $73.15—its highest price since the end of July. Brent Crude prices were above $76 per barrel, having risen by 0.91% on the day at $76.88. After the Fed signaled on Wednesday that it could begin tapering asset purchases as soon as November and…