Oil rises on expected U.S. crude stocks draw

By Karolin Schaps LONDON (Reuters) - Oil prices edged higher on Tuesday on forecasts of a steep draw in U.S. crude oil stocks that could indicate a global oversupply is starting to shrink. Benchmark Brent crude oil futures were trading up 54 cents at $55.46 a barrel at 1124 GMT. U.S. West Texas Intermediate (WTI) crude oil futures were up 23 cents at $52.35 per barrel.