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Oil prices inch higher

Oil prices edged higher on Wednesday, rebounding from early losses after U.S. crude stockpiles unexpectedly fell and inventories at the nation's largest storage site hit their lowest level in three years.
 
Brent crude futures rose 10 cents, or 0.1%, to $85.18 a barrel, close to multi-year highs.
 
November U.S. West Texas Intermediate crude, which expires on Wednesday, rose 34 cents, or 0.4% to $83.30 a barrel.
 
The more active WTI contract for December was up 22 cents, or 0.3%, to $82.66 a barrel.
 


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