SAN FRANCISCO (MarketWatch) -- Crude-oil futures edged higher Thursday, finding continued support after a bigger-than-expected drop in last week's U.S. oil supplies and a decision by key oil producers to keep output quotas unchanged. July crude CL1N +0.30% was up 27 cents at $101.01 a barrel. On Wednesday, the Organization of the Petroleum Exporting Countries decided against an output hike and the U.S. Energy Information Administration reported a 4.8 million-barrel decline in oil inventories for the week ended June 3.
