Oil eases as Fed's Jackson Hole meeting gets underway
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NEW YORK (Reuters) - Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge.Traders are awaiting a speech from Federal Reserve Chair Jerome Powell on Friday in Jackson Hole, Wyoming, that could indicate whether the U.S. central bank will continue to cut interest rates.Brent crude fell 47 cents, or 0.8%, to $59.83 a barrel by 12:34 p.m. ET (1634 GMT),..