HOUSTON: Oil prices retreated on Friday as investors weighed expectations of a rise in Opec+ supply starting in October, alongside dwindling hopes of a hefty US interest rate cut next month, following data showing strong consumer spending.
Brent crude futures for October delivery, which expire on Friday, settled US$1.14 lower, or 1.43%, at US$78.80 a barrel, marking a decline of 0.3% for the week and 2.4% for the month.
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