Brent crude futures fell US$1.36, or 1.7%, to settle at US$79.68 per barrel. US West Texas Intermediate crude futures declined by US$1.51, or 1.9%, to US$76.65.
NEW YORK: Oil prices settled down nearly 2% on Friday, little changed on the week with Brent crude below US$80 a barrel, as investors tempered expectations of demand growth from top oil importer China.
Brent crude futures fell US$1.36, or 1.7%, to settle at US$79.68 per barrel. US West Texas Intermediate crude futures declined by US$1.51, or 1.9%, to US$76.65.
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