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Oil prices mixed in choppy trade, rising U.S. production weighs

Reuters  |  NEW YORK 

By Julia SimonNEW YORK (Reuters) - Oil prices were mixed on Thursday in a seesaw trading session, as investors weighed rising U.S. production against comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.Brent futures were up 10 cents to $53.03 a barrel were at 1:28 p.m. EDT (1728 GMT). U.S. crude futures were down 5 cents at $50.39 a barrel. OPEC members Saudi Arabia and Kuwait signaled that the Organization of the Petroleum Exporting Countries and other producers, including Russia, would likely extend their oil output cut beyond June.At a press ...

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First Published: Thu, April 20 2017. 23:36 IST