Oil prices edged up on Wednesday after an unexpected fall in U.S. crude inventories but remained not far above 11-year lows as supplies remain abundant and as OPEC lowered the demand outlook for its exports. U.S. crude futures briefly traded above benchmark Brent prices, a trading pattern rarely seen over the last five years. At 1035 GMT, Brent crude futures were up 41 cents at $36.52 a barrel, while West Texas Intermediate (WTI) futures CLc1 were up 33 cents at $36.47. A day earlier Brent touched $35.98, its lowest since July 2004. The Organization for Petroleum Exporting Countries (OPEC) in a report on Wednesday forecast that demand for its crude would be lower in 2020 than in 2016 as […]