Oil prices steady, give up gains as economic gloom dims demand prospects - Reuters

Oil prices steady, give up gains as economic gloom dims demand prospects - Reuters:

Oil futures were largely flat on Thursday, reversing gains made earlier in the day, as fears over the worsening global economic outlook that hit prices hard in the previous session offset modest hopes for progress in resolving the U.S.-China trade war.

Brent crude oil futures LCOc1 were 3 cents lower, or 0.1%, to $57.66 a barrel by 0657 GMT, after tumbling 2% in the previous session.

Meanwhile U.S. West Texas Intermediate (WTI) crude CLc futures were up 9 cents, or 0.2%, to $52.73 a barrel, after sinking by 1.8% on Wednesday.