Reuters | Oil edges up on US crude stock draw, but prices remain weak Reuters SINGAPORE Oil prices nudged higher on Thursday on strong demand in the United States, but analysts cautioned that oversupply would continue to drag on markets. Brent crude futures had risen 18 cents, or 0.4 percent, to $47.97 per barrel by 0218 GMT. US crude sinks 4.1%, settling at $45.13 and ending longest winning streak since 2012 Oil brings 8-session rally to a screeching halt with biggest drop in a month Bernstein Slashes Oil Price Forecast |