Oil rises on OPEC's cuts, but soaring US exports and economic slowdown weigh | ZAWYA MENA Edition

Oil rises on OPEC's cuts, but soaring US exports and economic slowdown weigh | ZAWYA MENA Edition:

Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and a global economic slowdown prevented crude from climbing further.

U.S. West Texas Intermediate (WTI) crude oil futures were at $57.41 per barrel at 0350 GMT, up 19 cents, or 0.3 percent, from their last settlement.

International Brent crude futures were at $66.59 per barrel, up 28 cents, or 0.4 percent.