Oil resumes fall towards $60 as economic woes weigh

* Oil falls again after snapping six-day slide on Thursday

* Talk of U.S. and Canada refinery shutdowns support gasoline

By Maryelle Demongeot

SINGAPORE, July 10 (Reuters) - Oil resumed its fall towards $60 on Friday and looks set to end the week down around 8 percent, its largest weekly fall since late January, on deepening economic pessimism and fears of new regulations to curb futures speculation.

Uncertainty on earnings and economic recovery prospects kept Japanese shares hobbled near seven-week lows on Friday, and further pressured oil prices that briefly dipped below $60 on Thursday. [MKTS/GLOB]

Crude's small gain on Thursday put an end to six consecutive sessions of lower settlements, the longest losing streak since mid-December. Losses were initially triggered by dire U.S. unemployment data the previous Thursday and kept on the boil by a steady stream of poor economic news.

U.S. light crude for August delivery CLc1 fell 25 cents a barrel to $60.16 by 0322 GMT, having settled up a modest 27 cents at $60.41 on Thursday.

London Brent crude LCOc1 lost 24 cents to $60.86.

"Yesterday's market put a stop to the big drop in prices since last week. But there isn't any big move this morning. Everyone has lost their way. Where is the current price?," said Ryuichi Sato, analyst at Tokyo-based Mizuho Corporate Bank.