Reuters | Oil edges up on decline in US crude stocks, but high output caps gains Reuters SINGAPORE (Reuters) - Oil prices edged up on Thursday, clawing back some ground after losses in the previous session. Traders said the market was range-bound as falling crude inventories provided price support while high output was capping gains. Crude Oil Slips as US Production Hits a High Oil slides despite steep draw in US crude stocks Feds to sell 14 million barrels from oil reserve |