Oil edges up ahead of U.S. storage data as OPEC, Fed see robust economy
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NEW YORK (Reuters) - Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than expected in 2020.Also supporting prices were comments by Federal Reserve Chair Jerome Powell, who said the U.S. economy would see a "sustained expansion" with the full impact of recent interest rate cuts still to be felt."The baseline outlook remains favorable," Powell..