Singapore — Oil markets fell on Friday, pulled down by an economic slowdown, although supply cuts led by producer cartel Opec and US sanctions against Venezuela provided crude with some support. US West Texas Intermediate (WTI) crude futures stood at $52.20 a barrel by 3.51am GMT, down 44c, or 0.8%, from their last settlement. WTI dropped by around 2.5% the previous session. International Brent crude oil futures were down by 44c, or 0.7%, at $61.19 a barrel, after falling 1.7% the previous session. Weighing on financial markets, including crude oil futures, were concerns that trade disputes between the US and China would remain unresolved, denting global economic growth prospects. US President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to strike a trade deal. If there is no agreement between the world’s two biggest economies, Trump has threatened to increase US tariffs on Chinese imports....
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