U.S. oil prices open above $50 for first time since May, but headwinds persist

U.S. oil opened above $50 per barrel for the first time since late May on Monday, supported by strong fuel demand, but ongoing high supplies from producer club OPEC kept prices from rising further. U.S. West Texas Intermediate (WTI) crude futures were at $50.25 per barrel at 0127 GMT, up 8 cents...
U.S. oil prices open above $50 for first time since May, but headwinds persist