Oil prices rose today on a larger than expected crude oil draw. Shrinking inventories indicating tighter supply helped prices as inventories fell by 1.4MM.bbls. This is higher than the 1.1 million bbl draw expected as refinery activity also increased. A weaker than expected US jobs report also helped boost prices as it raised expectations that the Fed will cut rates. Prices were capped however by rising gasoline stocks which swelled by 900K/bbls unexpectedly. WTI traded up $.29 to close at $79.28. Brent traded up 4.23 to close at $83.81.