Oil prices dip on recession worries, but supply cuts support

Brent crude futures were down 76 cents, or 0.8%, at $93.81 a barrel at 1044 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 85 cents, or 1%, to $88.26.The Brent and WTI contracts both oscillated between positive and negative territory on Friday but were down more than 4%over the week after two weeks of gains on concern over the global economy.

from Commodities-Markets-Economic Times
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