Oil prices edged up on Thursday, supported by lower U.S. stockpiles and record Chinese diesel exports, but worries over Asia’s biggest economy continued to weigh. A 1.7-million barrel drop in U.S. stockpiles last week helped to at least temporarily halt a price slide that has seen WTI and Brent lose over a quarter of their value since May. A relatively bullish outlook by the International Energy Agency (IEA) on Wednesday also supported prices. U.S. crude CLc1 was trading at $43.50 per barrel at 0625 GMT, up 20 cents. Brent futures LCOc1 were 30 cents higher at $49.96 a barrel. “Although we are seeing support, we remain skeptical over how long this support could last. Bearish momentum is still extremely strong,” Singapore-based brokerage Phillip Futures said on Thursday. The […]