Brent oil claws back some losses after 'Black Friday' plunge

Oil prices clawed back some losses after a nearly 8 percent plunge in the previous session, but remain under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets. Front-month Brent crude oil futures rose 91 cents, or 1.6 percent, to $59.71 per barrel by 0520 GMT. The gains did little to make up for Friday's selloff, which traders have already dubbed 'Black Friday'.