Oil dips on demand worries as more rate hikes likely
Oil prices settled lower on Friday, posting a weekly decline as traders worried interest rate hikes could sap demand despite signs of tighter supplies including lower U.S. crude stocks.
In a second straight day of losses, Brent crude closed down 29 cents, or 0.4%, to $73.85 a barrel. U.S. West Texas Intermediate (WTI) crude fell 35 cents, or 0.5%, at $69.16.
