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Oil hovers below 2-year highs with focus on U.S. output

Mimi Sabreena 4:04:00 PM Informasi

NEW YORK (Dec 16): Oil prices were mixed on Friday, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing U.S. output and weak gasoline demand kept a lid on gains.

Brent crude futures settled down 8 cents or 0.1 percent to $63.23 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up 26 cents to $57.30 a barrel. WTI hit a two-year high of $59.05 on Nov. 24.

Brent ended the week down slightly with a 0.3 percent fall, while WTI was down 0.1 percent.

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