Oil prices took a hit on Friday, settling at $104.32 per barrel for Brent crude after a 2% drop. This comes despite continued concerns over supply.
The decline was led by Brent crude futures, which fell US$2.28 or 2.1%, while West Texas Intermediate (WTI) crude futures dropped $2.20 or 2.3% to settle at $92.41 a barrel.
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