Oil prices fell below $77 a barrel as investors raised concerns about the pace of demand growth by the top oil consumer the US.
For July delivery, US crude fell 17¢ to stand at $76.62 at 12.00 ET, while August Brent gained 9¢ on Friday to $78.77 a barrel, according to Reuters.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Factory activity growth braked to its slowest pace in ten months in the US Mid-Atlantic region in June, while oil product demand increased 1.9% over the past four weeks compared with the figure of the same period last year, according to data from the Energy Information Administration (EIA).
