Reuters | Oil edges down as OPEC sees market rebalancing at slower pace Reuters LONDON Oil prices edged down on Tuesday after OPEC reported an increase in its production for May despite a supply cut agreement and said the oil market was rebalancing more slowly than expected. Benchmark Brent crude LCOc1 was 17 cents lower at ... OPEC oil production jumps in May despite cartel's output agreement as Iraq, Libya pump more Oil Slips as Increase in OPEC Supply Offsets Projected US Drop Oil prices higher again, but supply glut hangs over market |