Oil eases to 3-week low on negative economic news


Brent crude futures fell 76 cents, or 1.1%, to US$68.42 a barrel by 1:44 p.m. EDT (1744 GMT), while US West Texas Intermediate (WTI) crude fell 91 cents, or 1.4%, to US$65.12.

NEW YORK: Oil prices eased to a three-week low on Friday on negative economic news from the United States and China and signs of growing supply despite optimism US trade deals could boost global economic growth and oil demand in the future.

Brent crude futures fell 76 cents, or 1.1%, to US$68.42 a barrel by 1:44 p.m. EDT (1744 GMT), while US West Texas Intermediate (WTI) crude fell 91 cents, or 1.4%, to US$65.12.

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