Oil Prices Lower Ahead of Drilling Data
May 22, 2015 at 07:29 AM EDT
Oil prices were trading down on Friday ahead of closely watched U.S. oil drilling data. Oil markets have rebounded in recent weeks to their highest level so far this year on the back of expectations of a slowdown in U.S. output, fresh unrest in the Middle East, signs of stronger demand and a weaker U.S. dollar.