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Oil prices rose on Wednesday. Brent crude settled at $42.22 a barrel, up 4.2%. U.S. WTI crude rose 4.9% at $40.16 a barrel. Prices jumped more than 4%, following a drawdown in U.S. crude and gasoline inventories as Hurricane Sally forced a swath of U.S. offshore production to shut. Roughly 500,000 bpd of offshore crude oil production was taken offline in the U.S. Gulf of Mexico due to the Hurricane.
