Oil steady above $60 as U.S. growth balances glut

By Christopher Johnson LONDON (Reuters) - Brent crude oil steadied above $60 a barrel on Tuesday after data showed the U.S. economy grew at its quickest pace in 11 years in the third quarter, balancing downward pressure from a supply glut and evidence of weak global fuel demand. The Commerce Department on Tuesday revised up its estimate of U.S. gross domestic product growth to a 5.0 percent annual pace from the 3.9 percent rate reported last month, citing stronger consumer and business spending.