London — Oil prices steadied on Friday, on track for a weekly gain, with attention focused on a speech by US Federal Reserve chief Jerome Powell for news on whether it will cut interest rates for a second time in 2019 to boost the world's largest economy.

Brent crude futures, the international benchmark for oil prices, fell four US cents to $59.88 a barrel by 8.13am GMT but was up about 2.1% on the week.

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