Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent energy demand, although impending U.S. sanctions on Iran and falling Venezuelan output limited the decline. Benchmark Brent crude oil LCOc1 fell 35 cents to settle at $77.42 a barrel. U.S. crude CLc1 slipped 45 cents to settle at $69.80. Brent closed the month 4.3 percent higher while U.S. crude gained 1.5 percent. Oil has been buoyed by tumbling Venezuelan output and declining shipments from Iran ahead of the imposition of U.S. sanctions on Tehran in November. On Friday, however, oil “appears to be following equities lower amidst renewed U.S./Chinese tariff concerns that could easily escalate in slowing global economic growth and, hence, world oil […]