Oil sheds 5% in five days on subdued China demand, slow pace of US Fed rate cuts; Brent sits 2% lower to $71

Brent crude futures settled down $1.52, or 2.09 per cent, to $71.04 a barrel. For the week, Brent fell around four per cent, while US WTI declined around five per cent.

Oil sheds 5% in five days on subdued  China demand, slow pace of US Fed rate cuts; Brent sits 2% lower to $71
Brent crude futures settled down $1.52, or 2.09 per cent, to $71.04 a barrel. For the week, Brent fell around four per cent, while US WTI declined around five per cent.