![Oil ticks_0509](https://firstmetro.com.ph/wp-content/uploads/2024/05/Oil-ticks_0509.jpg)
- Oil edged higher after a mixed snapshot of US inventories that included an unexpected drop in nationwide crude holdings.
- Brent crude rose toward $84 a barrel after climbing by 0.5% in the previous session, with West Texas Intermediate above $79. Overall stockpiles of crude declined by 1.36 million barrels last week, although inventories expanded at the Cushing storage hub to hit the highest level since last July.