Oil prices gain on US inventory draw, Venezuela in focus

Core Viewpoint - Oil prices experienced a slight increase on Thursday, recovering from two consecutive days of decline, driven by a larger-than-expected reduction in U.S. crude inventories, which encouraged investors to purchase futures [1] Group 1 - The U.S. crude inventories saw a significant draw, which was larger than market expectations, providing a bullish signal for oil prices [1] - The rebound in oil prices indicates a potential shift in market sentiment following the recent declines [1] - Investors are responding to the inventory data by increasing their buying activity in the futures market [1]