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International benchmarks for crude oil resumed falling on Friday, 07 June following a stronger-than-expected set of employment data in the US that once again dimmed hope for possible interest rate cuts. Besides, traders also assessed OPEC+’s reassurance on the production outputs since several members had already produced above the commitment levels.

On the week, Brent fell 2.5% and WTI fell 1.9%, marking the third consecutive week of decline.

Brent settled at 79.62/barrel, down by 25 cents from the previous day.

WTI concluded at $75.53/barrel, inched just 2 cents lower.