US oil prices edged up in early Asian trade on Wednesday to move away from lows hit in the previous session, buoyed after industry data showed a decline in US crude inventories. U.S. crude marked its lowest level in nearly two months on Tuesday after three OPEC and industry sources said the U.S. government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output, although it has not requested a specific figure. But U.S. oil had rebounded by Tuesday’s close amid expectations U.S. crude oil stockpiles likely fell for a second week last week.U.S. West Texas Intermediate crude was up 10 cents, or 0.2 percent, at $65.62 a barrel by 0020 GMT on Wednesday, having settled up 77 cents. It touched a near two-month low of $64.22 on Tuesday. Brent crude was down 8 cents, or 0.1 percent, at $75.30 a barrel, after settling up 9 cents the session before. For Visit : www.paceresearchindia.com and Call : 8817774774
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