Boeing said it was cutting production of its flagship Dreamliner, delaying plans to step up output of its money-spinning 737 line and also the arrival of a successor to its 777 mini-jumbo.Boeing faces a slew of investigations by regulators, U.S. Congress, and the Department of Justice over its development of the 737 MAX,

Oil rose nearly 2% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support.