Oil rises nearly 1% as US launches new strikes against Iran, supply tightens

US crude inventories fall for eighth week, raising supply concerns

Oil prices climbed on Wednesday, moving away from a seven-week low touched in the previous ‌session, after the U.S. military launched new strikes against Iran and as market data showed another large draw in U.S. crude stocks.
Brent futures rose 66 cents, or 0.7%, to $92.11 a barrel at 0406 GMT, while U.S. West Texas Intermediate crude crude climbed 60 ​cents, or 0.7%, to $88.80.

Source: Reuters