Oil steadies after falling on Trump comments on U.S.-China trade war
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NEW YORK (Reuters) - Oil prices pared losses on Friday, after earlier falling more than 1% following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China.Brent crude futures rose 16 cents to $62.45 a barrel by 12:12 p.m. EST (1712 GMT). West Texas Intermediate (WTI) crude rose 12 cents to $57.27 a barrel.Brent was headed for a weekly rise of 1.3%, while WTI was on track to gain 2%.Prices pared losses in midday trade, after Brent reached a session low..