Oil Prices Gain 1% on Big US Storage Withdrawal, Weaker US Dollar

OIL PRICE - NEW YORK - Oil prices climbed about 1% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China.

Brent futures rose 96 cents, or 1.2%, to $84.69 a barrel by 10:34 a.m. EDT (1434 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.36, or 1.7%, to $82.12.