U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging lower on Monday. The U.S. contract is feeling the most pressure on concerns over rising inventories and production. Brent futures are having trouble with a major technical resistance level at $71.77. Gains are being limited by worries over future demand, but the markets remain underpinned by tighter global supplies. At 07:51 GMT, June WTI crude oil is trading $63.77, down $0.25 or -0.39% and June Brent crude oil is at $71.48, down $0.07 or -0.10%. There weren’t any major events over the week-end. Last week, WTI was pressured ... (full story)