London — Oil slipped to $66 a barrel on Friday, under pressure from the concern that rising US oil output and exports will offset Opec-led attempts to erode stockpiles with output curbs. US oil production last week was steady at 10.27-million barrels a day, a record level if confirmed by monthly figures. Crude exports jumped to more than 2-million barrels a day, close to a record 2.1-million hit in October. "The US is pumping out a record amount of oil," said Naeem Aslam, chief market analyst at Think Markets UK. "The bull rally which we have seen for the black gold could fade away as the US oil production undermines the Opec production cut commitments," he said. Brent crude, the global benchmark, was down 45c at $65.94 at 10.52am GMT. Prices had rallied in early 2018 and reached $71.28 on January 25, the highest since December 2014. US crude fell 34c to $62.43. Oil also slipped as the US dollar strengthened. A stronger dollar can make oil and other commodities denominated in the US...
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