Crude oil prices edged up on Friday after falling as much as 2 percent the previous session, with analysts saying oversupply and a strong dollar would continue to weigh on fuel markets. U.S. crude futures CLc1 were trading at $45.46 a barrel at 0829 GMT, up 26 cents from their last settlement, while Brent crude LCOc1 rose 18 cents to $48.16 a barrel. But the gains followed steep falls the previous day on climbing U.S. crude inventories, and analysts said oversupply would continue to pressure oil markets. [EIA/S] “With oil production of major producers strong, falling output from U.S. shale will be insufficient to balance the oversupplied oil market over the next two years,” said BMI Research, a subsidiary of rating agency Fitch Group. “The U.S., Russia and OPEC combined to produce more than 50 percent […]