Oil prices rose more than 1 percent on Friday, helped by rising Chinese crude demand and threats of a strike in Africa’s largest oil exporter. But prices were still on track for weekly losses of up to 1.9 percent amid concerns that rising U.S. production could undermine OPEC-led supply cuts. By 1:32 p.m (1832 GMT), Brent crude was up 99 cents or 1.6 percent at $63.25 a barrel, but heading for a weekly slide of 0.9 percent. U.S. West Texas Intermediate (WTI) crude was at $57.25 a barrel, up 56 cents or 1 percent on the day and on track for a 1.9 percent loss on the week. China’s crude oil imports rose to 9.01 million barrels per day (bpd), the second highest on record, data from […]