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(Reuters) - Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union's latest sanctions against Russia for its war in Ukraine.
Brent crude futures fell 24 cents, or 0.3%, to settle at $69.28 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.3%, to end at $67.34.
That put both crude benchmarks down about 2% for the week.
In Europe, the EU reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, which includes measures aimed at dealing further blows to Russia's oil and energy industries.
"New sanctions on Russian oil from the U.S. and Europe this week were met by a muted market reaction," analysts at Capital Economics said in a note. "This is a reflection of investors doubting President Trump will follow through with his threats, and a belief that new European sanctions will be no more effective than previous attempts."
The EU will also no longer import any petroleum products made from Russian crude, though the ban will not apply to imports from Norway, Britain, the U.S., Canada and Switzerland, EU diplomats said.
The U.S. stock market ended mixed on Friday, with the S&P 500 and Nasdaq Composite logging weekly gains as companies reported their latest quarterly earnings.
The Dow Jones Industrial Average fell 142.30 points on Friday to close 0.3% lower at 44,342.19.
The S&P 500 slipped 0.57 point, or less than 0.1%, to finish nearly flat at 6,296.79.
The Nasdaq Composite rose 10.01 points, eking out a gain of less than 0.1% to notch a fresh record high at 20,895.66.
Big Tech stocks mostly rose on Friday, but the S&P 500's 11 sectors ended the trading session mixed. Investors continued to monitor tariff-related risks, with consumer-price-index data released earlier this week showing some early signs of inflationary pressures from tariffs.
The S&P 500 finished Friday just shy of its all-time high on Thursday, with a weekly gain of 0.6%, according to Dow Jones Market Data. The technology-heavy Nasdaq climbed 1.5% on the week, after rising for a fifth straight day. The Dow had a slight weekly loss of 0.1%, booking back-to-back weekly losses.
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