India, Aug. 14 -- Oil prices ticked higher on Friday after falling sharply in the previous session on concerns over weaker global demand.
Brent crude futures rose 0.9 percent to $87.85 a barrel, after having fallen over 2 percent in the previous session to snap a six-day advance on forecasts of weaker global demand and data showing a sharp build in U.S. crude inventories.
WTI crude futures were up 1.3 percent at $82.34 a barrel as talks to end the Middle East conflict and reopen the Strait of Hormuz remained deadlocked.
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