SINGAPORE: Oil prices edged higher on Wednesday after rallying overnight as industry data showed a decline in U.S. inventories, boosting demand sentiment.
Brent crude rose 26 cents, or 0.3%, at $79.20 a barrel by 0726 GMT. U.S. West Texas Intermediate (WTI) crude climbed 16 cents, or 0.2%, to $76.14 a barrel.
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