Oil falls on the week on firmer supply outlook


Brent crude futures settled up 38 cents, or 0.53%, at US$71.89 per barrel. Front-month US West Texas Intermediate crude futures settled up 51 cents, or 0.75%, at US$68.18.

HOUSTON: Oil prices settled higher on Friday but fell on the week as investors weighed expectations for higher global supply against fresh stimulus from top crude importer China.

Brent crude futures settled up 38 cents, or 0.53%, at US$71.89 per barrel. Front-month US West Texas Intermediate crude futures settled up 51 cents, or 0.75%, at US$68.18.

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