Oil falls on expected low demand, supply boost

Brent crude futures for October delivery settled at US$68.12 a barrel, down 50 cents, or 0.73%. West Texas Intermediate crude futures settled at US$64.01, down 59 cents, or 0.91%.

HOUSTON: Oil prices fell on Friday as traders looked toward weaker demand in the US, the world's largest oil market, and a boost in supply this autumn from Opec and its allies.

Brent crude futures for October delivery, which expired on Friday, settled at US$68.12 a barrel, down 50 cents, or 0.73%. The more active contract for November finished down 53 cents, or 0.78%, at US$67.45.