Oil prices edged higher Thursday as traders weighed demand for refined products against a persistent oversupply of crude oil. Prices fell to near three-week lows Wednesday after U.S. inventory data showed that supplies grew more than expected. But demand for petroleum products also rose slightly in the week. Globally, low prices this year have pushed oil demand growth to the fastest rate in five years, according to the International Energy Agency. “This was a big build in crude oil inventories…but the market held,” said Wolfe Research in a note. “End-use demand remains strong.” Light, sweet crude for December delivery settled up 18 cents, or 0.4%, to $45.38 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 23 cents, or 0.5%, to $48.08 a barrel on ICE Futures Europe. The U.S. Energy Information Administration reported Wednesday that domestic crude oil inventories expanded by eight million […]