Reuters | Oil prices edge up on weaker dollar, expected crude output cuts Reuters Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.64 per barrel at 0344 GMT (10:44 p.m. ET), up 19 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 17 cents at $52.54 a barrel. Oil prices expected to stay low Crude Oil Futures - Weekly Outlook: January 16 - 20 New drilling technology will create an explosion of oil |