U.S. West Texas Intermediate crude oil futures rallied on Thursday, testing its high for the week amid optimism that that demand for fuel will grow in 2023. The move followed a more than 3% jump on Wednesday. Support was provided by concern over the impact of sanctions on Russian crude oil. Providing a little resistance for buyers was a massive surprise build in U.S. crude stockpiles and caution over whether the Federal Reserve would use the slowdown in consumer inflation in December to slow the pace of interest rate hikes. US Consumer Inflation…
