Reuters | Oil prices edge up as Kuwait cuts supplies by more than expected Reuters Kuwait Petroleum Corporation (KPC) already said on Tuesday that it had officially notified its customers of a cut in their contractual crude oil supplies for January, in line with a deal with OPEC to reduce production. Traders said that market prices ... The Oil Mystery Behind Saudi Arabia's Production Cut US crude settles down 14 cents at $50.90, hit by dollar strength after Fed rate hike Oil prices flat amid higher US dollar |