Oil rose to around $75 a barrel on Wednesday ahead of an industry report expected to show U.S. crude inventories fell more than expected, bringing the focus back to a tight supply and demand balance rather than rising coronavirus infections.
U.S. crude stocks fell 4.7 million barrels, two market sources citing American Petroleum Institute figures said, more than analysts forecast. Official U.S. Energy Information Administration inventory figures are out at 1430 GMT. [EIA/S]
