 Oil edged up on Tuesday, recovering from a five percent plunge in the previous session that saw prices touch fresh 5-1/2 year lows in an oversupplied market. Growth in oil supplies showed no sign of abating, with output in Russia hitting a record high in 2014 and exports from OPEC’s second largest producer Iraq the highest since 1980. Jitters over political uncertainty in Greece drove investors out of risk assets globally to safe haven bonds. “It’s building on the recent bearish supply demand output of oil, led originally by the OPEC meeting,” said Mark Keenan who heads Asia commodities research at Societe Generale. Brent crude LCOc1 gained 13 cents and was at $53.24 a barrel by 9.26 p.m. ET, after dropping to a low of $52.66 on Monday, its lowest since May 2009. U.S. crude CLc1 was up 7 cents at $50.11 after slipping below $50 […]