[size=36]Oil climbs for a fifth day as inventory falls and awaits US Central Bank decision[/size]
By 0842 GMT, London Brent crude was up 40 cents, or 0.6 percent, at $ 65.12 a barrel.
The WTI rose 20 cents, or 0.3 percent, to $ 58.25 a barrel.
US Central Bank officials began a two-day meeting on Tuesday and are expected to cut interest rates as President Donald Trump renews his call to the Fed to cut interest rates sharply.
US Petroleum Institute data showed on Tuesday that oil inventories in the United States fell again last week as well as gasoline stocks and distillates.
Crude stocks fell 6 million barrels to 443 million barrels in the week ending July 26, compared with a forecast of 2.6 million barrels in a Reuters poll of analysts.