Oil prices edged up on Monday as France launched large-scale air strikes against Islamic State in Syria, but analysts said commodities were expected to remain under pressure as oversupply weighs on prices. Crude benchmarks, which lost 8 percent last week, saw high levels of activity in early dealing as commodity traders looked for direction after the deadly attacks in Paris on Friday. Front-month U.S. crude futures CLc1 was at $40.87 per barrel at 0744 GMT, up 13 cents from their last close. Internationally traded Brent LCOc1 was at $44.64 a barrel, up 17 cents after failing to break resistance at $45 a barrel. Traders said the higher prices were largely a matter of sentiment, with a premium being factored in following France’s large-scale air strikes against Islamic State in Syria in response […]