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Oil prices edge up with signals mixed on crude supply outlook

Oil prices edge up with signals mixed on crude supply outlook

OIL prices inched up, as traders weighed production outages in the U.S. and tensions in the Middle East and Europe against rising crude supply in Libya and Norway. Brent crude futures were up 30 cents, or 0.4%, to $80.36 a barrel at 11:24 a.m. EST (1618 GMT). U.S. West Texas Intermediate crude futures (WTI) gained 46 cents, or 0.6%, to $75.22 a barrel. In the Middle East, tensions rose the morning after U.S. and British forces carried out a second joint round of strikes on Houthi positions in Yemen. "Traders weigh up economic prospects, interest rates, OPEC+ and the risk of supply…
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