CORRECTED-UPDATE 4-Oil hovers around $60 as U.S.-China trade tensions weigh

(Corrects to say seven-month lows, not eight-month lows, in
first paragraph)
* Sino-U.S. trade war stokes concerns over global growth
* Traders look to U.S. inventory data

By Shadia Nasralla
LONDON, Aug 6 (Reuters) - Oil prices rebounded slightly on
Tuesday from big falls in recent sessions, but Brent crude
remained near seven-month lows around $60 a barrel due to
escalating trade tensions between China and the United States.
Brent prices have lost more than 9% in the past week, with
U.S. President Donald Trump vowing to impose new tariffs on
Chinese imports, and China making further moves against U.S.
agricultural cargoes.
The United States also responded to a decline in China's
yuan on Monday by branding the country a currency manipulator.

International benchmark Brent futures LCOc1 were up 28
cents at $60.09 a barrel by 0910 GMT, having dipped earlier in
the session to their lowest since Jan. 14 at $59.07.
West Texas Intermediate crude CLc1 futures rose 38 cents
to $55.07 per barrel.
With global equities hitting a two-month low .MIWD00000PUS
on Monday, Brent fell more than 3% that day as traders worried
the dispute between the world's two biggest oil buyers would
dent demand, helping to prompt Tuesday's short-covering.
"It's difficult for oil to hold (up) when you have such
moves in equities," Petromatrix analyst Olivier Jakob said.
"Brent at $60 a barrel is an important support level. It
would be difficult for Brent to collapse below this level unless
there is a further collapse in equities."
Meanwhile, Iran has threatened to block all energy exports
out of the Strait of Hormuz, through which a fifth of global oil
traffic passes, if it is unable to sell oil as promised by a
2015 nuclear deal in exchange for curbing uranium enrichment.
Britain on Monday joined the United States in a maritime
security mission in the Gulf to protect merchant vessels after
Iran seized a British-flagged vessel. Oil prices could find some support later on Tuesday, with a
Reuters poll showing U.S. crude oil inventories were expected to
have fallen for an eighth consecutive week. API/S
The American Petroleum Institute is set to release its
weekly inventory data at 4:30 p.m. EDT (2030 GMT), with official
government numbers to follow on Wednesday.