Oil prices edged up on Wednesday, recovering some losses from the previous day when the U.S.-dollar hit a 14-year peak and weighed on crude markets. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $52.58 per barrel at 0026 GMT, up 25 cents, or 0.5 percent, from the last settlement. International Brent crude futures LCOc1 had yet to trade. Traders said that the increase was due to a dip in the U.S. dollar, making dollar-traded fuel purchases for countries using other currencies at home slightly cheaper. The move came after the dollar hit a 14-year peak .DXY on the back of strong U.S. economic data. Despite Wednesday’s dip in the dollar, analysts expect the greenback to remain strong in the near future. “The dollar remains supported due to the fact […]