Reuters | Oil edges up in quiet holiday trade, focus on crude glut Reuters Oil prices rose slightly on Monday, paring steep losses from last week, but the market remained cautious as increases in U.S. drilling activity have undercut an OPEC-led push to tighten supply. Trading was subdued due to public holidays in China, the ... OPEC Extends Cuts, Oil Prices Fall: What It Means Crude oil upside capped at $55 as Opec disappoints investors Oil Slips as OPEC Meeting Disappoints |