Oil prices steadied on Thursday as the escalating trade war between the United States and China weighed on demand expectations a day after prices jumped on a big draw in U.S. crude inventories. Brent crude oil LCOc1 settled down 5 cents at $74.73 a barrel. U.S. light crude CLc1 was 3 cents lower at $67.83 a barrel. Options activity showed some traders were guarding against the possibility of a sharp slide in U.S. crude prices. “The market is trying to balance the worries about decreased global demand growth and how much extra oil the Saudis and Russians are going to put on,” said Gene McGillian, director of market research at Tradition Energy in Stamford, Connecticut. Still, he said, prices drew support […]