Oil down

New York : Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday´s late-2014 highs as bulging U.S. supplies weighed.

A trade dispute between the United States and China also kept markets on edge.

Brent crude futures were at $72.33 per barrel at 0648 GMT, up 27 cents, or 0.4 percent from their last close.

U.S. WTI crude futures were at $67.20 a barrel, up 38 cents, or 0.4 percent from their last settlement.

In China, Shanghai crude futures rose by 10.5 yuan to 428.7 yuan ($68.28) per barrel, up 2.5 percent, with record volumes traded.

Both Brent and WTI on Wednesday hit their highest since late 2014 of $73.09 and $67.45 per barrel, respectively, after Saudi Arabia said it intercepted missiles over Riyadh and U.S. President Donald Trump warned Russia of imminent military action in Syria.