Oil down as market weighs excess supply and US-China trade tensions

By Stephanie Kelly LONDON (Reuters) -Oil prices edged lower on Wednesday, as investors weighed the International Energy Agency's prediction of a supply surplus in 2026 and trade tensions between the United States and China that could curtail demand. Brent crude futures fell 21 cents, or 0.3%, to $62.18 a barrel by 0854 GMT, while U.S. West Texas Intermediate futures eased 13 cents, or 0.2%, to $58.57 a barrel. Both contracts closed at five-month lows in the previous trading session. The International E ...