Energy Markets

Oil prices stable on strong Chinese imports, OPEC-led production cuts

Oil prices stable on strong Chinese imports, OPEC-led production cuts

Published 10/02/2017

FILE PHOTO: An oil pump jack can be seen in Cisco, Texas, August 23, 2015. REUTERS/Mike Stone/File Photo

Oil prices were stable on Friday, supported by strong Chinese crude imports and OPEC-led production cuts, although ample U.S. fuel inventories weighed on the market.

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Oil prices stable on OPEC-led production cuts, but bloated inventories weigh

Oil prices stable on OPEC-led production cuts, but bloated inventories weigh

Published 10/02/2017

FILE PHOTO - A fuel nozzle is pictured at petrol station in Moenchengladbach March 10, 2012. REUTERS/Ina Fassbender

Oil prices were stable early on Friday, with OPEC-led production cuts supporting the market while soaring U.S. fuel inventories were weighing on crude.

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