Oil prices edged lower on Thursday as traders took profits after three sessions of gains, though prices remained close to their highest this year thanks to a fall in U.S. crude inventories and supply disruptions. International Brent crude oil futures traded 13 cents a barrel lower at $52.38 a barrel at 0845 GMT, after setting a 2016 high of $52.86 a barrel earlier in the session. U.S. crude fell by 5 cents a barrel to $51.20 after also hitting a new 2016 high at $51.67. “While we’re above $50 a barrel, momentum still remains fairly positive and what we’ve just seen today is a little bit of profit taking after three consecutive days of gains,” CMC Markets chief market analyst Michael Hewson said. Oil prices […]