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Oil prices fall; Brent still set for weekly gain

Updated : July 27, 2018 11:39 PM IST

The oil market largely brushed off government data on Friday that said the US economy grew in the second quarter at its fastest pace in nearly four years.
US energy companies added three oil rigs in the week to July 27, the first time in the past three weeks that drillers have added rigs, General Electric Co's Baker Hughes energy services firm said on Friday.
Brent crude futures fell 28 cents to $74.26 a barrel by 1:17 p.m. EDT (1717 GMT), but were on track for a 1.6 percent weekly increase.
Oil prices fall; Brent still set for weekly gain
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