Oil prices jump on U.S. inventory drop

On Wednesday, oil prices rose after a surprise drop in U.S. crude inventories, but demand concerns amid record increases in COVID-19 infections in some U.S. states capped gains.

Brent crude futures LCOc1 rose 54 cents, or 1.3%, to $43.76 a barrel by 0923 GMT. U.S. West Texas Intermediate crude futures CLc1 gained 42 cents, or 1%, to $41.46 a barrel.