Oil falls on worries over Opec+ supply, US jobs data

Brent crude futures settled at US$69.67 a barrel, down US$2.03, or 2.83%. US West Texas Intermediate crude finished at US$67.33 a barrel, down US$1.93, or 2.79%.

HOUSTON: Oil prices US$2 a barrel on Friday because of jitters about a possible increase in production by Opec and its allies, while a weaker-than-expected US jobs report fed worries about demand.

Brent crude futures settled at US$69.67 a barrel, down US$2.03, or 2.83%. US West Texas Intermediate crude finished at US$67.33 a barrel, down US$1.93, or 2.79%.