Oil headed for worst weekly drop since Feb on US slowdown fears


Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing growth and hitting fuel demand.

Brent dipped 48 cents, or 0.6, to $81.11 a barrel by 0434 GMT. U.S. West Texas Intermediate crude (WTI) were down 60 cents, or 0.8%, at $75.12 a barrel.

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Oil and gas , crude , Brent , WTI , Opec

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