Oil held above $54 a barrel on Wednesday, Reuters reported. U.S. crude and gasoline inventories fell last week, the American Petroleum Institute said on Tuesday, down from analysts expectations by 1 million barrels of oil and nearly 3 million barrels of gasoline. A second set of inventory data, from the U.S. Energy Information Administration (EIA), comes out on Wednesday at 1430 GMT, and could bring more support to prices if it confirms what would be the first draw in crude stocks in nine weeks. U.S. light crude for June delivery was up 48 cents to $54.32 a barrel by 0913 GMT, having settled 63 cents lower on Tuesday. London Brent crude was up 54 cents to $54.66.
