Oil rose toward $57 a barrel on Friday after China said it would hold talks with the United States to look for solutions to a trade dispute, while signs of lower crude supply also supported prices. The Organization of the Petroleum Exporting Countries cut crude output in December, a Reuters survey showed, and the American Petroleum Institute (API) reported a drop in U.S. crude inventories. Brent crude LCOc1, the global benchmark, rose 84 cents to $56.79 a barrel by 0932 GMT. U.S. crude oil CLc1 was up 81 cents at $47.90. “Jitters over the health of the global economy look set to endure but are being lost on the oil market, at least for the time being,” said Stephen Brennock of […]