OIL PRICE: NEAR $60 ANEW
REUTERS - Oil prices clawed back the previous day's losses on Friday, with Brent nudging above $60 a barrel, as tighter supplies from key producers offset slowing demand growth and investors await clues on the U.S. Federal Reserve's monetary policy.
Brent crude LCOc1 rose 29 cents, or 0.5%, to $60.21 a barrel by 0629 GMT, while U.S. crude futures CLc1 were at $55.53 a barrel, up 18 cents, or 0.3%. Both contracts were on track for a second week of gains.
"Oil is set to trade quietly today as it's all about the Jackson Hole (meeting) tonight," said Jeffrey…
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