Market

Oil prices edge higher

Singapore, Oil prices recovered in Asian trading on Wednesday, but gains were capped by weak demand.

Brent crude futures rose 17 cents, or 0.16%, to $76.60 a barrel by 0615 GMT. U.S. West Texas Intermediate crude rose 17 cents, or

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US Crude Oil Inventories Fell Last Week

The US Energy Information Administration announced Thursday that crude oil, gasoline and distillate inventories in the United States fell last week, while gasoline inventories rose.

The administration, which is the statistical arm of the US Departmen…

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