Oil prices steadied on Friday, with benchmark Brent crude trading just below $60 a barrel, buoyed by comments from Saudi Arabia’s crown prince backing the extension of OPEC-led output cuts. Brent LCOc1 was unchanged at $59.30 by 0840 GMT, after Thursday’s rise to $59.55, its highest since July 2015. The contract is more than 30 percent above 2017 lows touched in June. U.S. light crude oil CLc1 was down 4 cents at $52.60 but still 25 percent above its June 2017 low. U.S. crude prices have been capped by rising U.S. production. “Oil raced higher overnight with Brent finishing in sight of the magical $60 a barrel mark, spurred on by Saudi remarks supporting the oil production cut […]