Oil Prices Rise On Signs Of A Tightening Market

Oil prices rose in Asian trade early on Wednesday, following estimates of a large U.S. inventory draw and a warning from the Saudi energy minister for short sellers.    In early morning trade in Europe, Brent Crude was up above $77 per barrel, at $77.56, rising by 0.96%. The U.S. benchmark, WTI Crude, had risen by more than 1%, and traded at $73.73, up by 1.12% on the day.   Crude oil prices rose for a third consecutive day early on Wednesday, after gains on Monday and Tuesday, as the American Petroleum Institute (API) estimated…