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Oil prices waver narrowly amid U.S. production concerns

Xinhua, May 12, 2017 Adjust font size:

Oil prices ended slightly higher Friday as U.S. drillers added oil rigs for a seventeenth straight week.

The West Texas Intermediate for June delivery edged up 0.01 U.S. dollar to settle at 47.84 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery added 0.07 dollar to close at 50.84 dollars a barrel on the London ICE Futures Exchange. Enditem