Oil edges up as US peace push may add to oversupply, though stockpile pull lends support
TOKYO/SINGORE -Oil prices edged up on Thursday after falling in the previous session as concerns a U.S. push to end the Russia-Ukraine war may add supply into an amply supplied market were offset by a bigger-than-expected draw in U.S. crude stockpiles.
Brent crude futures climbed 16 cents, or 0.25%, to $63.67 a barrel at 0338 GMT, while U.S. West Texas Intermediate crude futures rose 17 cents, or 0.29%, to $59.61.
