Oil markets were stable early on Monday, holding on to Friday’s big gains even though rising U.S. output weighed on hopes the market will tighten with crude inventories down 13 percent since March. Brent crude futures, LCOc1 the international benchmark for oil prices, were at $52.72 per barrel at 0139 GMT, unchanged from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $48.54 a barrel, up 3 cents form their last settlement. This came after an up-to-3 percent increase in prices on Friday. Traders said the market was somewhat held back by rising U.S. production, which has broken through 9.5 million barrels per day (bpd), its highest since July 2015. C-OUT-T-EIA But the rise in U.S. output may soon slow, as […]