Oil rises for second day as U.S. crude inventories fall

By Christopher JohnsonLONDON (Reuters) - Oil prices edged higher for a second day on Wednesday after data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that have dragged on markets in recent sessions.Global benchmark Brent crude was up 50 cents, or 0.7 percent, at $73.94 a barrel by 0805 GMT, after gaining 0.5 percent on Tuesday.

U.S. light crude was 5 cents higher at $68.57, having risen nearly 1 percent in the previous session.U.S. crude and fuel stockpiles fell more than expected last week,.

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