Dhaka, Feb. 26 -- Oil prices rose marginally on Wednesday, bouncing off two-month lows hit in the prior session after an industry group reported US crude stockpiles fell last week.

Brent crude rose 24 cents, or 0.3 per cent, to $73.26 a barrel by 0735 GMT. US West Texas Intermediate crude oil futures was up 23 cents, or 0.3 per cent, at $69.16.

US crude stocks fell 640,000 barrels in the week ended February 21, market sources said on Tuesday, citing American Petroleum Institute data. Official US stockpile data is due later on Wednesday, reports Reuters.

"If confirmed by the EIA later today, it would mark the first decline in US crude oil inventories since mid-January," said ING commodities strategists in a note on Wednesday.

Analysts ...