Oil stable as U.S. production, Chinese imports hit record levels
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SINGAPORE (Reuters) - Oil prices were stable on Friday, pressured as the United States became the world's top crude producer after its output hit all-time highs, but supported as China remained on track to register another year of record imports.Front-month Brent crude oil futures were at $72 a barrel at 0554 GMT, down 7 cents from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $61.72 per barrel, up 5 cents from their previous settlement.Weighing on prices was record..