Oil prices edged lower today, moving down as traders started taking profits. “Crude is moving in a corrective phase this morning, prompted by a sharply higher U.S. dollar index and satisfying the ‘overbought’ market situation,” said Dennis Kissler, senior vice president of trading at BOK Financial. The dollar index by .4% today, which is a relatively big move against a basket of currencies. API data is indicating large draws for tomorrows EIA report which should push prices higher. Meanwhile in China the central bank and regulators are pledging more financing support to small business which should help their economy continue to recover. WTI traded down $.43 or -.5% to close at $81.37. Brent traded down $.52 or -.6% to close at $84.91.