Oil steadies on pre-holiday buying, dollar weakness

By Barani Krishnan NEW YORK (Reuters) - Oil prices steadied on Friday from early losses, with traders citing potentially more bullish investor positioning for the second half of the year and after a weaker dollar that boosted most commodities. Crude prices had jumped 25 percent over the past three months. U.S. crude's West Texas Intermediate (WTI) futures rose 2 cents to 48.35.