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Oil prices fall amid concerns over China's economy
Oil prices fell on Friday amid concerns about a slowdown in China's economic growth as investors headed for profits above 2 percent in the previous session, although production cuts agreed last week by top oil producers gave some crude support.
Brent crude futures were $ 61.08 a barrel by 0530 GMT, down 37 cents, or 0.6 percent, from the previous settlement.
US West Texas Intermediate crude futures were $ 52.42 a barrel, down 16 cents, or 0.3 percent, from the previous settlement.
On Friday, China announced some of the slowest growth in retail sales and industrial production in years, highlighting the risk of a trade dispute with the United States.
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