WTI and Brent edged higher in Asia-Pac hours,...>

OIL: WTI and Brent edged higher in Asia-Pac hours, reclaiming post-settlement

losses, which were tied to broader risk-off flows & were limited in nature. WTI

+~0.20 & & Brent +~$0.30 at typing..

- This came comes after a choppy Tuesday saw focus fall on the CLM0 expiry,

which was a much more subdued affair than the expiry of CLK0.

- Reports pointing to a surprise drawdown in headline crude stocks in the latest

API inventory estimate, in addition to a chunky drawdown of stocks at the

Cushing hub were noted late Tuesday. Although, on the product side, a larger

than expected build in distillate stocks, coupled with a shallower than expected

drawdown in gasoline stocks likely limited further follow through.

- Focus today turns to the weekly DoE inventory data.