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Oil hits highest since September on trade hopes, OPEC cuts

© Reuters. An oil pump is seen just after sunset outside Saint-Fiacre
The American Petroleum Institute, an oil industry group, said late on Tuesday that U.S. crude stocks fell by 7.9 million barrels last week, much more than the decline forecast by analysts.
Brent crude (LCOc1), the global benchmark, reached $67.52 a barrel, the highest since Sept. 17, and as of 1240 GMT was up 23cents at $67.43. U.S. West Texas Intermediate crude gained 11 cents to $61.22.

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