Oil prices flatten, but under shadow of high production
Oil prices recouped earlier losses on Friday but remained on track for a weekly decline, weighed down by rising OPEC exports and strong output from the United States. Brent crude futures (LCOc1), the international benchmark, were trading at $52.06 a barrel at 1314 GMT, 5 cents above the last close and heading for a fall of just under 1 percent on the week. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were up 5 cents at $49.08 per barrel but set to end the week more than 1 percent lower.
Source:: https://finance.yahoo.com/news/oil-subdued-high-opec-supplies-015814384.html
