Oil price dips as markets await Fed steer

LONDON (Reuters) - Oil prices edged lower on Friday but remained on track for a weekly gain, with attention focussed on a speech by U.S. Federal Reserve chief Jerome Powell for news on whether it will cut interest rates for a second time this year to boost the economy.Brent crude futures , the international benchmark for oil prices, fell 23 cents to $59.69 a barrel by 1150 GMT but was up about 1.7% on the week.U.S. West Texas Intermediate (WTI) crude futures slipped by 12 cents to $55.23, up..