Oil ends week lower as demand concerns face Russia supply ban

Brent futures settled 3 cents lower at US$93.27 a barrel, while the US West Texas Intermediate crude futures rose 40 cents, or 0.5%, to US$90.03 a barrel, as US oil rig counts fell. — Reuters

HOUSTON: Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed supply concerns stemming from Russia's fuel export ban against demand woes from future rate hikes.

Brent futures settled 3 cents lower at US$93.27 a barrel. It fell 0.3% in the week, breaking a three week streak of gains.

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