23-12-2014 11:09 via news.yahoo.com

Oil steady around $60 on hopes of strong U.S. data

By Christopher Johnson LONDON (Reuters) - Brent crude steadied around $60 a barrel on Tuesday, under pressure from a supply glut but supported by forecasts of stronger economic data from the United States, the world's biggest oil consumer. Figures from the U.S. Commerce Department later in the day are expected to show a buoyant economy with third-quarter growth likely revised up to 4.3 percent from 3.9 percent, despite slowing growth in other parts of the world. Expectations of robust U.S.
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