Oil edged lower on Wednesday trading below $42 a barrel, pressured by a report that U.S. crude inventories unexpectedly rose and as growing numbers of coronavirus cases around the world raised concern of stalling demand. The American Petroleum Institute, an industry group, said crude inventories rose by 691,000 barrels rather than falling as analysts forecast. [API/S] Official inventory numbers from the Energy Information Administration are due at 1430 GMT.[EIA/S] “Sentiment remains fragile,” said Jeffrey Halley, analyst at broker OANDA. “Inventories are expected to fall by 2.3 million barrels. A surprise increase could well be enough to initiate another downward leg in crude prices.” Brent crude LCOc1 fell 1 cent to $41.71 a barrel by 0818 GMT, paring […]