Oil prices were little changed in thin trade on Friday, with a forecast of higher output by U.S. shale oil producers this year adding to worries over demand and preventing the market from extending the previous session’s gains. U.S. July crude CLc1 had lost 14 cents to $60.31 a barrel as of 0256 ET after closing up 53 cents on Thursday. Brent crude LCOc1 for August gained 3 cents to $64.29 after settling up 39 cents. “Without much change in fundamentals as well as changes to dollar strength, crude oil prices continue to move sideways. We believe that this would likely continue for today as we do not expect much change,” Daniel Ang at Phillip Futures said. He added that oil prices were showing little sign of moving far from $60 and $64 for WTI and Brent respectively. U.S. shale oil producers have projected a rise in output […]