U.S. West Texas Intermediate and International-benchmark Brent crude oil futures are trading higher for the week, but have given up more than half of their weekly gains since early Thursday. The selling pressure is being driven by concerns that simmering tensions between the United States and China will continue to exert pressure on demand, despite the announcement of the resumption of trade talks between the two economic powerhouses. The price action on Friday suggests that perhaps the bullishness early in the week may have been an overreaction…