Oil steadies above $60, Jackson Hole summit in focus
Oil steadied above $60 a barrel on Thursday, supported by a drop in US crude inventories and OPEC-led supply cuts, although worries about the global economy weighed.
US crude inventories fell by 2.7 million barrels last week, more than analysts expected. Still, the US Energy Information Administration also said gasoline and distillate inventories rose.
Brent crude rose 15 cents to $60.45 a barrel by 0858 GMT. US West Texas Intermediate crude added 29 cents to $55.97.
