Oil prices head for weekly drop on global economic slowdown worries


SINGAPORE: Oil prices slipped on Friday after two days of gains, as market participants weighed worries about a global economic slowdown, which would dampen fuel demand, against expectations of tighter supplies toward year-end.

Brent crude futures fell 68 cents, or 0.7%, to $95.91 a barrel by 0658 GMT after settling 3.1% higher on Thursday. U.S. West Texas Intermediate crude was at $89.81 a barrel, down 69 cents, or 0.8%, following a 2.7% increase in the previous session.

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Oil and gas , Brent , WTI , Opec

   

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