Oil prices edged lower Wednesday after weekly inventory data showed another increase in U.S. crude supplies—a signal that the global glut of crude could persist without an agreement by major oil producing countries to cut production. U.S. crude for October delivery recently fell 84 cents, or 1.8%, to $45.51 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 95 cents, or 2%, to $47.78 a barrel on ICE...

Source: Wall Street Journal August 31, 2016 10:41 UTC