Oil prices are edging up off their floor just below the $40 level. boosted by the global reflation trade underway today as well as fresh news of more Opec production cuts. Crude trades this morning at $41.55. The CRB is firmer as well, up about 1% on the day. US equities ar easing back toward break-even after a mid-morning rally which could limit EUR/JPY gains as the afternoon gets underway.