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Oil tops $60 for first time in 2015; oversupply persists

(Reuters) - Oil hit its highest level for the year on Friday with Brent crude rising above $60 a barrel, as euro zone economic growth exceeded expectations and market bulls priced in another drop in the U.S. oil rig count. The rise in prices was also fueled by bets that cuts in...

Fighting rages in run-up to Ukraine ceasefire

(Reuters) - Ukraine and Russian-backed rebels fought fiercely across the east of the country on Friday despite a new peace deal brokered by Germany and France. A ceasefire is due to come into effect from Sunday under the agreement, which also envisages a withdrawal of the...