By Kate Gibson
NEW YORK (MarketWatch) -- Crude-oil futures edged higher on Wednesday after data illustrating a drop in U.S. supply, indicating demand for the commodity might be picking up. Benchmark crude for November delivery gained 11 cents to $76.29 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 34 cents to end at $76.18 Tuesday. The American Petroleum Institute late Tuesday reported crude inventory declined 2.4 million barrels last week. The Energy Department's Energy Information Administration is scheduled to report its weekly supply data later in the session.
