NEW YORK: Oil prices fell by nearly US$1 a barrel on Friday as comments from US central bank officials indicated higher-for-longer interest rates, which could hinder demand from the world's largest crude consumers.
Brent crude futures settled at US$82.79 a barrel, down US$1.09, or 1.3%. US West Texas Intermediate crude settled at US$78.26 a barrel, down US$1.00, or 1.3%.
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