SINGAPORE, Nov 24 - Oil markets were steady in early Asian trading on Monday, with benchmark Brent crude prices remaining above $80 a barrel following a rally late on Friday over China's interest rate cut and ahead of a possible output reduction by producer group OPEC.
* Biggest gain since Oct. 22 (Adds analysis, quotes, stocks on the move)
* To build cash before returning capital to shareholders (Adds CEO comments)
MELBOURNE, Nov 24 - BHP Billiton stepped up its cost-cutting plans on Monday as the world's biggest miner battles a sharp slide in iron ore, coal and oil prices.
Nov 23 - The average price of a gallon of gasoline in the United States dropped 10 cents in the past two weeks, hitting a four-year low, according to the latest Lundberg survey released on Sunday.
No related earnings announcements are currently scheduled within the next 7 days.