Reuters | Oil near flat in quiet trade, supply outlook unclear Reuters As a result, U.S. oil production is edging up, rising from almost 8.7 million barrels per day (bpd) in July to about 8.8 million bpd in December, according to U.S. Energy Information Administration projections. A week ago, oil prices climbed to a 17 ... Oil prices turn higher after shooting of Russian envoy lifts geopolitical fears US crude settles at $52.12, up 22 cents as supply outlook remains unclear Oil Edge Higher on Hopes About Inventories |