Oil prices rose to their highest since late September on Wednesday on looming Iran concerns while a weak US dollar lent further support. US crude inventory drawA surprise storage draw also supported oil prices. “A solid report, with a modest gasoline and distillate build and a larger crude draw. Strong crude exports and lower imports helped to see another crude draw. Domestic crude output was estimated to be down around 600,000 barrels per day, roughly 4 per cent of total output.