Oil prices edged up on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC-led supply cut continued to tighten the market. Brent futures, the international benchmark for oil prices, were at $60.64 per barrel at 0219 GMT, up 15 cents or 0.3 percent from their last close. Brent has risen more than 35 percent since its 2017-lows last June.

U.S. West Texas Intermediate (WTI) crude was at $54.36 a barrel, up 6 cents from the last settlement, and some 30 percent above its 2017-low in June. Traders said oil markets were being supported by falling U.S. commercial crude oil inventories despite rising output.

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