Oil prices mixed on possible output deal extension, rising U.S. stockpiles

Oil prices traded mixed as investors digested reports of possible output cut deal extension among world major producers and rising U.S. stockpiles.

The West Texas Intermediate for March Delivery added 0.25 dollars to settle at 53.36 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 0.10 dollars to close at 55.65 dollars a barrel on the London ICE Futures Exchange. Enditem