Oil prices fell about 2 percent on Friday, retreating further from 11-month highs hit last week as a resurgence of coronavirus infections in China stoked fears about depressed demand for the commodity.
Benchmark Brent crude for March settlement dropped 1.8 percent to $55.07 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down as much as 2.1 percent at $52.03.
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