Oil edges down as traders weigh U.S. stock build, OPEC cuts

By Jessica Resnick-Ault NEW YORK (Reuters) - Oil prices ended less than 1 percent lower on Wednesday after data showed a build in U.S. crude inventories, reinforcing the view that oil prices are range bound, buoyed by expected OPEC production cuts while pressured by U.S. output growth. "Crude oil is in the middle of a trading range that began to unfold in early December," said Walter Zimmerman, chief technical analyst at ICAP. "You have a market with a serious case of indigestion, it swallowed t