Oil prices inched higher on Wednesday, extending the previous day’s rally, after industry data showed U.S. crude stocks fell more than expected last week, though a bigger-than-anticipated build in products inventories capped gains.
Brent crude futures rose 29 cents, or 0.4%, to $77.88 a barrel at 0138 GMT, while U.S. West Texas Intermediate crude futures climbed 29 cents, or 0.4%, to $72.53 a barrel.
