MarketWatch | Oil edges further above $55 on Russia, OPEC cuts Reuters LONDON Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and OPEC producers are delivering on promised supply reductions, although a report showing a large rise in U.S. crude inventories limited gains. Russia has cut ... Oil futures stick to narrow ranges, ease back US crude settles at $52.81, down 1.7% on the month as US supply concern offsets OPEC cuts Experts See Higher Oil Prices But Surging Shale Is A Concern |