FOX LIVE NEWS UPDATE

UPDATE 1-Oil prices gain on lower U.S. crude inventories, Libyan disruption

June 20 (Reuters) – Oil prices recovered some day-earlier losses in Asia on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in oil producer Libya.

U.S. crude inventories fell by 3 million barrels to 430.6 million barrels in the week to June 15, according to American Petroleum Institute (API) in a weekly report on Tuesday. crude futures LCOc1 rose 18 cents, or 0.2 percent, to $75.26 per barrel at 0351 GMT, compared with their last close on Tuesday.

U.S. West Texas Intermediate (WTI) crude futures CLc1 gained 20 cents, or 0.3 percent, to $65.27.

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