The West Texas Intermediate for August delivery lost 70 cents, or 0.7 percent, to settle at 104.09 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery increased 8 cents, or nearly 0.1 percent, to close at 107.10 dollars a barrel on the London ICE Futures Exchange.
Prices continued to garner support from tight supply, but the gains were capped as traders remain concerned that slowing global growth would hurt energy demand.
For the week ending Friday, the U.S. crude standard dropped nearly 3.4 percent, while Brent slid 4.1 percent, based on the front-month contracts.
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