Oil falls on global slowdown worries, but OPEC cuts offer support
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SINGAPORE (Reuters) - Oil markets fell on Friday, pulled down by worries over a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Venezuela provided crude with some support. U.S. West Texas Intermediate (WTI) crude futures stood at $52.24 per barrel by 0641 GMT, down 40 cents, or 0.8 percent, from their last settlement. WTI dropped by around 2.5 percent the previous session.International Brent crude oil futures were down by 41 cents, or 0.7 percent, at $61.22 per..