Oil prices were stable on Friday as the weight of a strengthening U.S. dollar was countered by China’s relentless thirst for crude and the OPEC-led supply cuts that have gradually tightened the market this year. U.S. West Texas Intermediate (WTI) crude futures were at $56.70 a barrel at 0714 GMT, virtually unchanged from their last settlement. Brent crude futures, the international benchmark for oil prices, were up 7 cents, or 0.1 percent, at $62.27 a barrel. Sponsored Traders said a stronger dollar, which has gained over 0.9 percent this month against a basket of other leading currencies, was weighing on prices. A rising greenback attracts financial traders who switch investments between commodity futures and foreign exchange. “A strong U.S. dollar could act as a headwind to commodities,” Bank […]