Oil edges up on U.S. stocks fall, Mideast tensions, trade talk signs - Reuters

Oil edges up on U.S. stocks fall, Mideast tensions, trade talk signs - Reuters:

Oil prices nudged higher on Wednesday on rising tensions over Iran, a sharp fall in U.S. crude stocks and positive signs on Sino-U.S. talks, although worries about weak demand kept a cap on gains.

Brent crude futures LCOc1 were up 21 cents, or 0.3%, at $64.04 a barrel by 0719 GMT, after rising nearly 1% on Tuesday.

U.S. West Texas Intermediate crude CLc1 was up 28 cents, or 0.5%, at $57.05 a barrel, having risen about 1% in the previous session.

U.S. crude stocks fell more than expected in the week to July 19, declining by 11 million barrels to 449 million, the trade group American Petroleum Institute said on Tuesday.