Oil futures bounced Wednesday, finding support on industry data that showed a drop in U.S. crude inventories as traders track Hurricane Francine.

WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark for U.S. oil prices in the trading world.

Oil prices have dropped sharply from their year-long trading range as investors grow increasingly concerned about weakening demand from the world’s largest economies. Brent crude, which had been fluctuating between $73 and $92 since last October,