Oil climbs back into the $30s
Crude futures are on the rise for the first time in eight days, with U.S. oil pulling further away from the closely watched $30-level breached last session following data from the American Petroleum Institute.
According to the industry group, oil inventories unexpectedly fell last week, sliding 3.9M barrels to 480M.
Brent +0.7% to $31.06/bbl; WTI +1% to $30.75/bbl.
Also on tap: The EIA publishes its weekly inventories data at 10:30 a.m. ET.