Oil prices were steady on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $53.01 per barrel at 0052 GMT, unchanged from their last settlement. Brent crude futures, the international benchmark for oil prices, were yet to trade. Traders said that prices received some support from statements from top crude exporter Saudi Arabia that its output had fallen below 10 million barrels per day (bpd), a level last seen in February 2015. That would also mean that the kingdom has cut production more than the 486,000 bpd it agreed to late last year under a global deal to curb production and stem a fall in oil prices. However, hard evidence […]