India, Aug. 15 -- Oil prices traded lower on Friday as disappointing U.S. and Chinese economic data raised worries about fuel demand.
Investors also await the outcome of a meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska later in the day that might lead to a potential end to sanctions and end Russia's war in Ukraine.
Benchmark Brent crude futures fell 0.9 percent to $66.21 in European trade, while WTI crude futures were down 1.1 percent at $63.28.
Fuel demand concerns returned to the fore after U.S. producer price data came in significantly higher than expected and China reported its economy showed signs of slowing in July.
Overnight data showed U.S. producer prices rose 0.9 percent month-over-m...