Oil prices rose on Wednesday after data suggested U.S. crude inventories unexpectedly shrank in the prior week, although gains were limited as markets hunkered down before a widely-anticipated interest rate hike by the Federal Reserve. Still, crude markets were riding strong gains from Tuesday amid rumors that China plans to scale back its strict zero-COVID policy by March 2023. Data from the American Petroleum Institute (API) showed that U.S. crude stockpiles fell by 6.5 million barrels in the week to October 28, much higher than estimates for a rise of 267,000 barrels and a build of 4.5 million barrels in the prior ... (full story)