Crude oil prices edged higher in early Monday trading because of concerns of a shortage of supplies, though some markets could get relief from the gradual restart of an oil sands processing facility in Canada. Crude oil prices moved into positive territory Monday ahead of the start of trading in New York amid growing concerns about a supply-side deficit. Phil Flynn, the senior market analyst for the PRICE Futures Group in Chicago, said in a daily emailed newsletter the downturn in the price of crude oil that started in 2015 forced companies to cut back on spending. Three years later, the price of oil is hovering near four-year highs amid growing fears those cutbacks mean there wasn’t enough support to keep up with demand. “Now the global oil market is in a precarious state and now […]