Oil prices settle down at lowest in a month


Brent futures fell 82 cents, or 1.3%, to settle at US$62.56 per barrel, while US West Texas Intermediate (WTI) crude slid 94 cents, or 1.6%, to settle at US$58.06.

NEW YORK: Oil prices eased about 1% on Friday to settle at one-month lows as the US pushed for a Russia-Ukraine peace deal that could boost global oil supplies, while uncertainty over US interest rates curbed investors' risk appetite.

Brent futures fell 82 cents, or 1.3%, to settle at US$62.56 per barrel, while US West Texas Intermediate (WTI) crude slid 94 cents, or 1.6%, to settle at US$58.06.

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