Oil falls below $60 a barrel as inventories stay high
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LONDON (Reuters) - The oil price fell below $60 a barrel on Thursday, under pressure from high global inventories and a smaller-than-expected drawdown in U.S. crude stockpiles."The energy complex is drifting lower as sellers continue to bask in the bearish afterglow of yesterday's (U.S.) stats," PVM Oil analyst Stephen Brennock said.Benchmark North Sea Brent crude oil was down 60 cents at $59.55 per barrel by 1210 GMT. U.S. light crude was 60 cents lower at $50.55.Global oil supply has..