Oil little changed as demand concerns overshadow US rate cut buoyancy

Oil prices were little changed on Friday after settling lower in the previous session, the day after the US Federal Reserve cut interest rates for the first time this year, due to worries about fuel demand in the United States. Brent crude futures were down 1 cent at $67.43 a barrel at 0100 GMT, and US West Texas Intermediate futures were down 4 cents at $63.53. Both benchmarks were on track to end higher for a second straight week. The Fed cut its policy rate by a quarter of a percentage point on Wednesday and indicated more cuts would follow as it responded to signs of weakness in the jobs market. Lower borrowing costs typically boost demand for oil and...