Expectations that crude oil inventories in the United States, the world’s leading economy, continued to drop and sent oil prices higher in Wednesday trading. Traders are watching the level of supply and demand closely for signs that the glut on the market that pushed oil prices below $30 per barrel last year is evaporating. A survey Monday of analyst sentiment from commodity price group S&P Global Platts said crude oil stocks in the United States dropped by 3.75 million barrels last week. That’s in stark contrast to the five-year average of a 2.2 million barrel build for this time of year. Geoffrey Craig, the oil futures editor at Platts, said in an emailed report that, if the survey is accurate, crude […]