US energy sector gains as crude prices edge higher
** S&P 500 Energy Sector .SPNY gains 1%, tracking crude prices O/R
** Brent crude LCoc1 up 0.8% at $73.36/bbl and U.S. West Texas Intermediate crude CLc1 up 1.2% at $70.95/bbl, as focus turns to the U.S. Federal Reserve's two-day policy meeting that concludes on Wednesday
** Traders on Tuesday kept bets the Fed will start an expected series of interest rate cuts with a half-percentage-point move downward
** Prices also receive support from prospects of lower U.S. crude stockpiles and concerns over U.S. production in the aftermath of Hurricane Francine
** Energy majors Exxon Mobil XOM.N and Chevron CVX.N both rise ~1%
** Shares of Devon Energy DVN.N, Diamondback Energy FANG.O, Halliburton HAL.N, Conocophillips COP.N and Marathon Oil MRO.N gain between 1.5% and 1.9%
** APA Corp APA.O rises 2.4% - the top pct gainer on the energy index
Reporting by Vallari Srivastava in Bengaluru
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