Oil prices edged higher on Wednesday, supported by a fall in U.S. inventories and Mideast geopolitical tensions, but the increasing spread of the coronavirus Delta variant in top consuming countries capped gains. Brent crude oil futures were up 33 cents, or 0.5%, to $72.74 a barrel by 0815 GMT. U.S. West Texas Intermediate (WTI) crude rose 16 cents, or 0.2%, to $70.72 a barrel. “[Oil] bulls have drawn support from U.S. inventory dynamics, with commercial stocks falling to their lowest since January 2020 and indications that the tightening is set to continue,” oil brokerage PVM said. U.S. crude inventories fell by 879,000 barrels for the week ended July 30, according to two market sources, citing American Petroleum Institute figures. Gasoline inventories fell by 5.8 million barrels and distillate stocks fell by 717,000 barrels, the data showed, according to the sources, who spoke on condition […]