Oil stable as stronger dollar weighs while China’s relentless oil thirst supports prices

 Oil prices were stable on Friday, held back by a strengthening U.S. dollar but supported by China’s relentless thirst for crude amid the OPEC-led supply cuts that have already tightened the market this year.
U.S. West Texas Intermediate (WTI) crude futures were at $56.68 a barrel at 0407 GMT, virtually unchanged from their last settlement at $56.69.
Brent crude futures, the international benchmark for oil prices, were also little changed, at $62.21 a barrel, up just one cent.
Traders said a stronger dollar, which has gained 0.8 percent this month against a basket of other leading currencies, was weighing on prices