Brent futures settled 54 cents lower at US$78.56 a barrel. US West Texas Intermediate crude fell 67 cents to settle at US$73.41.
SINGAPORE: Oil prices settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies.
Brent futures settled 54 cents lower at US$78.56 a barrel. US West Texas Intermediate crude fell 67 cents to settle at US$73.41.
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