The American Petroleum Institute reported a drop of 1.8 million barrels at the Cushing, Oklahoma, hub last week, as well as declines in product holdings including gasoline. (Image source: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Oil edged higher after a mixed US inventories report, with traders also focused on the broader outlook for supply as OPEC+ presses on with output increases and American production expands.

Brent rose toward $66 a barrel after ending little changed on Tuesday, with West Texas Intermediate above $62. The American Petroleum Institute reported a drop of 1.8 million barrels at the Cushing, Oklahoma, hub last week, as well as declines in product holdings including gasoline. Nationwide crude holdings were estimated to have risen, althou

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