Oil prices hold ground, but set for 4 percent weekly fall
Wall Street extended its slide into a sixth session and a global equity index fell to a 1-year low on Thursday as investors feared an escalating U.S. trade war with China and risks from a recent climb in interest rates. Japan`s Nikkei was slightly lower in early trading on Friday.
The Organization of the Petroleum Exporting Countries cut its forecast of global demand growth for oil next year for a third straight month, Image source: Reuters