Brent crude, the international benchmark, bobbed at the $50 barrel mark in Asian trade Friday as traders weighed their options between the upbeat U.S. oil data, the resumption of Canadian oil production and the Organization of the Petroleum Exporting Countries’ decision not to impose a production ceiling . On the New York Mercantile Exchange, light, sweet crude futures for delivery in July recently traded at $49.18 a barrel, up $0.01 in the Globex electronic session. August Brent crude on London’s ICE Futures exchange was unchanged at $50.04 a barrel. Overnight, Brent settled above $50 for the first time since November after the weekly U.S. crude inventories and production data by the Energy Information Administration showed steady declines. U.S. crude inventories have fallen in recent weeks but remain near the highest level in more than 80 years, a sign of the global glut of crude that has weighed on oil […]