Crude prices edged lower on Thursday as brimming U.S. and Asian fuel inventories returned investors’ attention to a large global supply overhang, cutting short a price rally and restricting Brent crude futures to below the $50 a barrel mark. International benchmark Brent crude oil futures LCOc1 were trading at $48.95 per barrel at 0132 GMT in early Asian trade, down 10 cents, after closing down 1.8 percent previously. U.S. West Texas Intermediate (WTI) crude futures were at $46.68 a barrel, down 9 cents, after falling 2.8 percent on Wednesday. Traders said price falls this week had truncated a rally that pushed crude up by more than 20 percent earlier in August on talk of a potential deal by oil producers to freeze output in an effort to rein in oversupply. Hopes of a deal were dampened by record […]