Oil steady as markets weigh Fed rate-cut expectations

Brent crude futures closed up 6 cents, or 0.08%, at US$72.94 a barrel, while US West Texas Intermediate crude futures rose 8 cents, or 0.12%, at US$69.46 per barrel.

JAKARTA/SINGAPORE: Oil prices were little changed at their settle on Friday as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling US inflation.

Brent crude futures closed up 6 cents, or 0.08%, at US$72.94 a barrel, while US West Texas Intermediate crude futures rose 8 cents, or 0.12%, at US$69.46 per barrel.