Oil prices dipped 1% on Friday and were set to close lower for the week as markets remained wary of Chinese demand even as producer group OPEC+ extended supply cuts.
Brent crude futures were down 94 cents, or 1.1%, at $82 a barrel by 01:06 p.m. ET (1806 GMT). U.S. West Texas Intermediate crude futures were down $1.02, or 1.3%, at $77.92.
Both benchmarks were on track for weekly declines, with Brent down 1.1% and WTI 2.6%.
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