Oil tops $60 for first time in 2015; oversupply persists

By Barani Krishnan NEW YORK (Reuters) - Oil hit its highest level for the year on Friday with Brent crude rising above $60 a barrel, as eurozone economic growth exceeded expectations and market bulls priced in another drop in the U.S. oil rig count. Brent rose over 3 percent in Friday's session, about 6 percent on the week and nearly 16 percent on the month.