Brent crude settles lower as U.S. oil inventories rise

NEW YORK Wed Jan 9, 2013 3:06pm EST

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NEW YORK Jan 9 (Reuters) - Brent crude futures edged lower on Wednesday in choppy trading, as rising U.S. oil inventories and increasing U.S. crude oil production applied pressure.

Brent February crude fell 18 cents, or 0.16 percent, to settle at $111.76 a barrel, having traded from $111.11 and $112.23. (Reporting by Robert Gibbons)