Oil prices rose on Monday oversupply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration Brent crude futures were at $57.87 at 0622 GMT, up 12 cents, or 0.21 percent, from their last close. U.S. West Texas Intermediate (WTI) crude was at $52.04 per barrel, up 20 cents, or 0.39 percent. “Oil prices are holding comfortably above $50 as possible supply disruptions in the Kurdish region of Iraq support prices,” said William O‘Loughlin, analyst at Rivkin Securities. “U.S. production was also recently impacted by a hurricane for the second time in as many months and the number of U.S. drilling rigs declined for the third week in a row,” O‘Loughlin said. The amount of U.S. oil rigs […]