Oil prices steadied on Friday and were on track for strong weekly gains as support from a surprise draw in U.S. inventories and possible action from OPEC and its allies to extend output cuts outweighed broader economic concerns. Brent crude LCOc1 was down a marginal 2 cents at $61.65 by 0957 GMT but the benchmark was set for a weekly gain of nearly 4%. West Texas Intermediate (WTI) crude CLc1 was down 9 cents at $56.14 and on track for a gain of more than 4% over the week. The strong weekly performance was underpinned by the surprise decline in U.S. inventories, with total U.S. crude and oil product inventories dropping by about 10 million barrels last week. GRAPHIC: U.S. petroleum inventories – here Adding further support to prices, officials […]