Crude oil prices retraced steps Friday on reports of a downturn measured in the U.S. economy and uncertainty over the nuances of OPEC’s managed decline. Members of the Organization of Petroleum Exporting Countries remain committed to a deal to trim output in an effort to ease supply-side strains that pushed oil prices to historic lows last year. The corresponding increase in crude oil prices, however, has brought some of the U.S. shale oil producers off the bench, adding to concerns about oversupply. A dust-up between the U.S. and Mexican presidents this week over trade and border security, meanwhile, could upend the regional dynamics for energy. Both countries are linked strongly on energy, with Mexico serving as a top export destination for U.S. gasoline. Olivier Jakob, managing […]