Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, with concerns about supply countering worries that emerging market crises and trade disputes could dent demand.

Brent crude was up 3 cents at $78.21 a barrel by 6:34am GMT, after falling 2% on Thursday. The global benchmark rose on Wednesday to its highest since 22 May, at $80.13.

US West Texas Intermediate (WTI) futures were up 18 cents, or 0.2%,