Oil eases as rising output weighs, but still near nine-week highs

REUTERS

Global benchmark Brent crude futures were down 18 cents, or 0.34 percent, at $52.24 a barrel at 06:55 GMT, as reported by Reuters.

U.S. crude futures were down 18 cents, or 0.36 percent, at $49.40 per barrel.

Prices for both benchmarks have been holding near their highest since late May, when oil producers led by the Organization of the Petroleum Exporting Countries (OPEC) extended a deal to reduce output by 1.8 million barrels per day (bpd) until the end of next March.

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