Brent slipped to US$103.1 a barrel after touching a low of $102.25. U.S. crude settled at US$93. Brent crude oil fell on Friday, following a two-day, US$3 rally, as weak economic data from the United States sounded a note of caution on growth prospects, as per Reuters.
The Commerce Department reported U.S. gross domestic product expanded at a 2.5% annual rate in the first quarter, slower than the 3% rate expected. The data fed worries about a deceleration in the second quarter and U.S. equity markets fell for most of the session.
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