RoyalTraders Call@9719026661 Live News Update Oil supported as new hedges placed, but rising global supplies weigh Oil prices were steady on Friday, supported by traders placing new hedges in the futures market in anticipation of a decline in U.S. crude inventories, but held back from advancing by the prospect of rising global supplies. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $69.06 per barrel at 0421 GMT, up 10 cents from their last settlement. Brent crude futures LCOc1 were at $73.40 per barrel, down 5 cents from their last close. Overall U.S. crude oil inventories actually rose by 3.8 million barrels last week to 408.74 million barrels C-STK-T-EIA , according to data from the Energy Information Administration (EIA), however stocks at the key Cushing storage hub USOICC=ECI in Oklahoma fell by 1.3 million barrels, the EIA data showed. EIA/S (are) thought to be a factor in oil prices being well bid," said Stephen Innes, head of trading for Asia-Pacific at fu