BY HENNING GLOYSTEIN: DECEMBER 15, 2017
* OPEC-led supply cuts, Forties pipeline outage support crude
* But rising U.S. output, driven by shale, weighs on market
SINGAPORE, Dec 15 (Reuters) – Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and the ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further. U.S. West Texas Intermediate (WTI) crude futures were at $57.13 a barrel at 0119 GMT, up 9 cents from their last settlement.
Brent crude futures, the international benchmark for oil prices, were at $63.35 a barrel, up 4 cents from their last close. FULL ARTICLE
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