Oil steadies as IEA's forecast overshadows U.S.-China deal
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LONDON/TOKYO (Reuters) - Oil steadied on Thursday as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets, but gains were capped after the International Energy Agency said it expected oil production to outstrip demand.Brent was up 11 cents at $64.11 a barrel by 1304 GMT, while U.S. West Texas Intermediate (WTI) crude was down by 9 cents at $57.72 a barrel. Under the so-called Phase 1 deal to call a truce in a trade war between the world's..