US crude futures fell modestly in range-bound trade on Friday as the market balanced support from a drawdown in domestic crude stockpiles against technical sell points that have kept oil from rallying. Brent also closed lower as traders awaited developments in the Ukraine crisis. US crude oil settled 27￠ lower at $99.99 per barrel, but showed a gain of 0.24% for the week after US government data on Wednesday showed crude inventories fell in the week ended May 2 for the first time since late March. Despite the fall, overall supplies remain at record highs.
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