Brent and U.S. crude futures edged lower on Monday as the dollar regained ground and as weak Chinese trade data stoked concerns about demand in the world’s biggest energy consumer. But the market held most of its gains of more than 10 percent from Friday that came amid renewed talk that the Organization of the Petroleum Exporting Countries (OPEC) might finally agree to cut output to reduce a world glut. Both benchmarks jumped more than $3 a barrel on Friday after the United Arab Emirates’ energy minister was quoted as saying that OPEC members are ready to cooperate on curbing production. The mood inside OPEC is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Nigeria’s oil minister said, adding he […]