Crude oil futures edged up on Wednesday, but were still not far off 6-1/2 year lows after China’s central bank moved to support the country’s stumbling economy, while concerns about a supply glut capped gains. Asian stocks shook off early weakness to race higher on Wednesday, led by battered Chinese shares even as worries lingered on whether China’s actions would be enough to stabilise its cooling economy or halt a collapse in its stock markets. Brent LCOc1 was trading 25 cents higher at $43.46 a barrel as of 0641 GMT, and U.S. October crude CLc1 was up 26 cents at $39.57 a barrel. ANZ said China’s rate cuts had calmed commodity markets, but they remained cautious and gains would be limited. “The displacement of high-cost supply from the United […]