Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets. Front-month Brent crude oil futures LCOc1 had risen by 96 cents, or 1.6 percent, to $59.76 per barrel by 0745 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 62 cents, or 1.2 percent, at $51.04 per barrel. The gains partly made up for Friday’s selloff, which traders have already dubbed ‘Black Friday’. Reacting to Friday’s falls in Brent and WTI, China’s Shanghai crude futures on Monday ISCcv1 fell by 5 percent, hitting their daily downside-limit. Judging […]