Oil prices steadied on Monday after slipping by around 2 percent last week but remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand. Brent crude oil LCOc1 was down 10 cents a barrel at $60.18 per barrel by 0945 GMT. U.S. light crude CLc1 was down 5 cents at $51.15. Both benchmarks fell more than 25 percent through October and November as a supply glut inflated global inventories but have stabilized over the last three weeks, trading within fairly narrow ranges as oil producers have promised to cut production. Many investors doubt planned supply cuts by the Organization of the Petroleum Exporting Countries and other producers such as Russia will […]