Brent crude futures for July settled 71 cents lower, or 0.85%, to US$82.96 a barrel. US West Texas Intermediate crude for June fell 84 cents, or 1.06%, to US$78.11 a barrel.
NEW YORK: Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed weak US jobs data and possible timing of a Federal Reserve interest rate cut.
Brent crude futures for July settled 71 cents lower, or 0.85%, to US$82.96 a barrel. US West Texas Intermediate crude for June fell 84 cents, or 1.06%, to US$78.11 a barrel.
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