Oil edges up but US-China trade tensions curb gains

Oil markets stabilised on Monday after having lost around 2 percent last Friday as concerns grew over the impact on global growth from an intensifying trade dispute between the United States and China, as well as increased U.S. drilling activity. Markets were also eyeing the situation in Syria after reports - denied by the Pentagon - that U.S. forces had struck a major air base there. Brent crude futures were up 39 cents on the day at $67.50 a barrel by 0912 GMT. The price approached its lowest in three weeks last week.