oil prices climbed wednesday to their highest settlement in about two months after the energy information administration reported a weekly decline of 46 million barrels in us crude inventories to 4133 million barrels  the lowest since 2018 a largerthanexpected draw in us crudeoil supplies coupled with a large draw at the cushing okla delivery hub even as petroleum product stocks saw much larger builds than expected said tariq zahir managing member at tyche capital advisors crude has taken this as bullish and we tend to agree in the short term he said february west texas intermediate crude clg22 rose 142 or nearly 18 to settle at 8264 a barrel on the new york mercantile exchange the highest frontmonth contract finish since nov 9 factset data show