Still, oil prices pulled back from earlier gains and at times traded in negative territory as investors tried to gauge the impact of Hurricane Nate on last week’s data, as well as figures indicating that fuel demand declined last week. The U.S. Energy Information Administration reported Wednesday that crude inventories fell by 5.7 million barrels last week, more than the 3.2 million barrels that analysts were expecting, according to a survey by The Wall Street Journal. But some of that was driven by a sharp but temporary decrease in oil output as offshore producers shut in around Hurricane Nate, which hit the Gulf Coast earlier this month. U.S. production fell nearly 1.1 million barrels a day last week, according to the EIA. “Normally we would expect the market to have a more positive tone to it, but people are expecting we’ll jump back up,” said Gene McGillian, research manager […]