SINGAPORE: Oil prices fell on Friday after China, the world’s top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of Europe’s pending cut-off of Russian imports.
Brent crude futures eased 78 cents, or 0.8 percent, to $96.18 a barrel at 0350 GMT, after rising 1.3 percent in the previous session. US West Texas Intermediate crude futures were down $1, or 1.1 percent, at $88.08 a barrel.
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