Brent crude edged up from a sharp drop on Friday, but was on track for the biggest weekly loss in more than two months as swelling stocks weighed on the market. The International Energy Agency said there was a record 3 billion barrels in tanks worldwide. “The underlying sentiment is bearish,” said PVM analyst Tamas Varga. “I don’t see anything that could support prices rising in the long term.” Brent crude was trading 70 cents higher at $44.76 per barrel at 0528 ET. It was on track for a more than 5 percent weekly loss. U.S. crude was 15 cents higher at $41.90 a barrel. The benchmark closed down on Thursday almost 3 percent on a 4.2 million-barrel rise in U.S. crude inventories. The IEA, in its Monthly Oil Market Report, said that ballooning global stockpiles […]