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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAs renewed economic concerns in the United States and China have reignited concerns about growing fuel demand in the world's two largest consumers of oil, oil prices fell on Friday, poised for their fourth weekly fall.
U.S. West Texas Intermediate (WTI) crude futures were down 30 cents, or 0.42%, to $70.57. At 05:10 GMT, Brent oil futures fell by 37 cents, or 0.49%, to $74.61 per barrel. For the week, both benchmarks are expected to fall by around 1%, which would be the longest series of weekly declines since November 2021. The price rose earlier in the day on Friday, after falling in the previous two sessions, due to some demand expectations following the increase in the oil price.
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