US crude prices settled below $95 a barrel for the first time since April in choppy trading on Friday after the EU said it would allow Russian state-owned companies to ship oil to third countries under an adjustment of sanctions agreed by member states this week. US West Texas Intermediate crude settled $1.65, or 1.7pc, lower at $94.70 a barrel, while Brent crude futures fell 66 cents, or 0.6pc, to $103.20. WTI closed lower for the third straight week, pummelled over the past two sessions after data showed that US gasoline demand had dropped nearly 8pc from a year earlier in the midst of the peak summer driving season, hit by record prices at the pump.
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