Oil Edges Above $60 as Libyan Output Slumps

London: Oil edged above $60 per barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut in top consumer the United States and weak imports by Japan. Fighting in Libya has cut output there to 352,000 barrels a day, a state oil company spokesman said on Thursday, or about half November's average. This countered the US Department of Energy's (DOE) report showing a big stock-build. "The fighting in Liby...