Oil jumps on crude draw; Wall Street rises
Oil prices surged on Wednesday after a report showed a drop in U.S. crude stockpiles, fuelling energy shares and helping lift Wall Street along with encouraging economic data.
In Europe, bond yields jumped while the pan-European STOXX index fell 0.6 percent, with markets rattled by the prospect of the region's central bank eventually winding down its bond-buying stimulus.
MSCI's gauge of stocks across the globe climbed 0.3 percent after two sessions of declines.
U.S. services sector activity rebounded to an 11-month high in September, an encouraging sign for economic growth.
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