Oil prices softened on Friday, on track for their first monthly decline since November, as concerns over global economic growth and fuel demand, triggered by Washington's tariff threats and further indications of a U.S. economic slowdown, outweighed worries about supply.
The more actively traded May Brent crude futures fell by 31 cents, or 0.4%, to $73.26 a barrel by 0133 GMT, while U.S. West Texas Intermediate crude dropped 30 cents, or 0.4%, to $70.05 a barrel. The front-month Brent contract expires later on Friday.
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