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Oil prices claw back some ground, but demand worries drag

Updated : September 14, 2018 10:09 AM IST

Brent crude was up 23 cents, or 0.3 percent, at $78.41 a barrel by 0122 GMT, after falling 2 percent on Thursday. The global benchmark the day before rose to its highest since May 22 at $80.13 a barrel.
China will not buckle to US demands in any trade negotiations, the major state-run China Daily newspaper said in an editorial on Friday, after Chinese officials welcomed an invitation from Washington for a new round of talks.
US companies in China are being hurt by mounting trade tensions between Washington and Beijing, according to a survey, prompting US business lobbies to urge the Trump administration to reconsider its approach.
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