REUTERS – UPDATE 2-Oil prices rise, but 2018 outlook points to ample supply
UPDATE 2-Oil prices rise, but 2018 outlook points to ample supply
Contributed by NAMPA / Reuters.
* North Sea pipeline outage supports Brent crude prices
* U.S. drillers cut amount of rigs for first week in six
* But U.S. production is still approaching 10 million bpd
(Add comment, updates prices)
By Henning Gloystein
SINGAPORE, Dec 18 (Reuters) – Oil prices rose on Monday amid
an ongoing North Sea pipeline outage and signs that booming U.S.
crude output growth may be slowing, although the 2018 outlook
points to ample supply des …