Oil rebounds as OPEC output cuts seen deeper than expected

BEIJING/SINGAPORE (Reuters) - Oil prices climbed on Friday, claiming back ground from a tumble of 5 percent in the previous session, on signs that OPEC's output cuts that start next month will be deeper than expected. Benchmark Brent crude futures were up 41 cents, or 0.75 percent, at $54.76 per barrel at 0836 GMT, after dropping $2.89 in the previous session. Front-month Brent is set to lose around 9 percent this week. U.S. West Texas Intermediate (WTI) crude futures rose 45 cents, or 1..