Oil prices stable on expected OPEC cuts, but surging U.S. supply drags
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SINGAPORE (Reuters) - Oil prices were stable on Friday, supported by expected supply cuts from OPEC but held back by record U.S. production.U.S. West Texas Intermediate (WTI) crude oil futures were at $56.5/ per barrel at 0132 GMT, up 12 cents from their last settlement.Brent crude oil futures were up 7 cents at $66.69 a barrel.Prices were mainly supported by expectations the Organization of the Petroleum Exporting Countries (OPEC) would start withholding supply soon, fearing a renewed rout..