India, March 28 -- Oil prices fell on Friday, but the most active futures contract still posted a weekly gain amid prospects of tighter supplies following the U.S. sanctions on Iran and Venezuela, and a recent data showing a notable drop in crude inventories in the U.S.
Weak economic data raised concerns about growth and the outlook for energy demand.
A weak dollar helped limit the downside in oil prices.
West Texas Intermediate Crude oil futures for May settled at $69.36 a barrel, losing $0.56 or about 0.8%. WTI crude futures gained about 1.6% in the week.
Brent crude futures settled lower by 0.5% at $73.63 a barrel. Brent futures gained about 2% in the week.
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