Reuters | Oil edges above $49 on US drilling slowdown Reuters LONDON (Reuters) - Oil rose above $49 a barrel on Monday as a slowdown in the growth of rigs drilling in the United States eased concern that surging shale supplies will undermine OPEC-led cuts. U.S. drillers added two oil rigs in the week to July 14, ... Refinery demand from China lifts oil Oil prices firm on strong China demand Oil Extends Gain Above $46 on Robust Economic Growth in China |