Home Business Oil edges up amid OPEC cuts, U.S. sanctions on Iran and Venezuela Business Oil edges up amid OPEC cuts, U.S. sanctions on Iran and Venezuela By Genpie - February 12, 2019 202 0 Facebook Twitter Google+ Pinterest WhatsApp Oil prices edged up on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check.