Oil prices fell sharply on Friday on concerns about the outlook for demand due to data showing a drop in China's oil imports, and disappoint over the size of China's fresh stimulus measures.
Also, the risk to U.S. oil and gas output from a hurricane has declined following a report from the U.S. National Hurricane Center that Hurricane Rafael weakened to Category 2 and will likely move slowly westward over the Gulf of Mexico and away from U.S. fields.
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