Oil edges higher in thin trading ahead of U.S. inventory figures
BNN Bloomberg
Oil edged up to the highest in more than a week, ahead of data that could show another substantial draw in U.S. inventories.
West Texas Intermediate rose for a fifth day toward US$82 a barrel, on course for the longest winning streak since March. U.S. stockpiles tumbled by 11.5 million barrels, according to the industry-funded American Petroleum Institute. If confirmed by official data later Wednesday, that would be the sixth drop in seven weeks.
In Africa, meanwhile, soldiers in Gabon announced on local television that they had canceled elections and dissolved key institutions in the OPEC member, according to Agence-France Presse, which reported gunfire in Libreville, the capital. There were no reports of interruptions to crude output or exports.
