U.S. oil prices edge higher as domestic crude supplies post a weekly fall of more than 2 million barrels

U.S. oil futures inched higher on Wednesday, but held ground below the year’s highest levels, finding modest support from U.S. government data showing a weekly decline of more than 2 million barrels in crude stockpiles.

In contrast, prices for global benchmark Brent crude traded lower, on track for back-to-back losses. Investors also awaited an interest-rate decision from the Federal Reserve for cues on the direction for the dollar and prospects for the economy. The Fed announcement is due out about a half hour before…