WTI Crude prices were up early on Friday but still headed for a seventh consecutive weekly loss— the longest losing streak since 2015 —as fears of escalating trade wars and a rout in emerging markets and their weakening currencies amid the Turkish turbulence had investors worried about the possible fallout on global oil demand growth. At 11:28 a.m. EDT on Friday, WTI Crude was up 0.63 percent at $65.87 and Brent Crude was trading up 0.53 percent at $71.81. Yet, both benchmarks were on course to post another weekly loss, which would be the seventh such week for WTI and the third consecutive weekly loss for Brent Crude. The ongoing U.S.-China trade row has spillover effects in emerging economies across Asia as a strengthening dollar weakens their local currencies, reducing purchasing power and fuel demand. Escalating trade wars could dampen global economic growth and consequently, oil demand growth, analysts, […]