Oil prices inched up on Tuesday as rising Russian output and expectations of a reduction in Saudi Arabian crude prices were offset by a potential slowdown in U.S. production. U.S. WTI crude futures CLc1 were at $63.2 a barrel at 0117 GMT (9.17 p.m. ET), up 18 cents, or 0.3 percent, from their previous settlement. Brent crude futures LCOc1 rose to $67.84 per barrel, up 20 cents, or 0.3 percent, after it fell more than 2 percent on Monday. Greg McKenna, chief market strategist at futures brokerage AxiTrader, said traders were wary of the fact that the market was still holding large amounts of long positions which will need to be sold off at some stage. “That makes prices vulnerable to bad news,” he […]