O il futures edged lower Thursday, losing ground after a relief rally sparked by data showing a slowdown in key U.S. inflation data ran out of steam. Crude also found support Wednesday after weekly storage data showed a fall in U.S. oil inventories.

Brent oil futures held steady on Thursday, bolstered by signs of stronger demand in the U.S. after slower than expected inflation in April and lower oil stocks in the past week.Brent crude futures were up 4 cents,