Oil prices weak on economic concerns, OPEC target on market share


SINGAPORE: Oil markets were weak on Friday as fresh signs OPEC will continue to value market share over prices outweighed expectations of a lift when the United States kept interest rates at historic lows.

U.S. West Texas Intermediate (WTI) crude futures were trading at US$46.72 per barrel at 0331 GMT, down 18 cents from their last settlement. Brent prices were at US$49.12 per barrel, up 4 cents.

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