Brent crude futures settled down US$1.52, or 2.09%, to US$71.04 a barrel. US West Texas Intermediate crude futures (WTI) settled down US$1.68, or 2.45%, at US$67.02.
HOUSTON: Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of US Federal Reserve interest rate cuts.
Brent crude futures settled down US$1.52, or 2.09%, to US$71.04 a barrel. US West Texas Intermediate crude futures (WTI) settled down US$1.68, or 2.45%, at US$67.02.
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