Oil prices rose more than 1% on Wednesday, trading near their highest since April, after industry data showed a much steeper-than-expected draw last week in crude oil inventories in the US, the world’s biggest fuel consumer.Brent crude futures for

Gold prices edged higher on Wednesday as the US dollar and Treasury yields were bogged down after Fitch downgraded the country’s credit rating, souring confidence in the economy ahead of key data due this week.Spot gold was up 0.2%