Wall Street Journal (subscription) | Oil Edges Down After Week of Gains Wall Street Journal (subscription) Oil prices edged down on Tuesday, following a week of straight gains that brought the global oil benchmark above $50 a barrel for the first time in two months, amid growing optimism that the market is tightening. Brent crude, the global oil benchmark ... Oil rises on falling US inventories, but high Opec supplies still weigh Oil surges into the close to settle above $50, posts best monthly gain since April 2016 Oil hovers above $52 a barrel as investors grow confident of tightening market |