CNBC | US crude settles at $53.02, little changed as Libyan output pressures oil prices CNBC Oil edged lower on Friday ahead of the Christmas and New Year holiday week as the market waited to see how OPEC would manage its planned output cuts with Libya expecting to boost production. Crude is still trading around its highest since mid-2015, ... Oil dips before holiday week; Libyan output boost weighs Oil Slips on Year-End Profit-Taking Brace For An Oil Market Maelstrom In 2017 |